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Odds of Global Recession Are 100%: Marc Faber

Posted By admin On August 24, 2012 @ 2:13 am In Money Watch | Comments Disabled

Justin Menza
CBNC [1]
Aug 24, 2012

There’s still a 100 percent chance the world heads into recession, Marc Faber, publisher of “The Gloom, Boom & Doom Report,” told CNBC’s “Closing Bell” [2] on Thursday, echoing a call he made in May. [3]

When you look at the major economies, Europe, the U.S., China and the emerging markets that are dependent on China for growth, Faber, aka Dr. Doom, only sees weakness.

“Europe is already in recession,” he said. [4]“Germany is still growing very, very slightly, but is likely to go into recession soon.”

Growth in the U.S. is also falling off. “The U.S. economy has decelerated and I don’t see much growth in the next six to 12 months,” Faber said.

Full article here [1]

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URL to article: http://www.prisonplanet.com/odds-of-global-recession-are-100-marc-faber.html

URLs in this post:

[1] CBNC: http://www.cnbc.com/id/48768746

[2] “Closing Bell”: http://www.cnbc.com/id/15838421/

[3] echoing a call he made in May.: http://www.cnbc.com/id/47566735/?Marc_Faber_100_Chance_of_Global_Recession

[4] he said.: http://video.cnbc.com/gallery/?video=3000111287&play=1

[5] Marc Faber Guarantees A Global Recession: http://www.prisonplanet.com/marc-faber-guarantees-a-global-recession.html

[6] MARC FABER: ‘Something Will Break Very Bad’: http://www.prisonplanet.com/marc-faber-something-will-break-very-bad.html

[7] Marc Faber Sees No Bubble in Gold Price Run Up: http://www.prisonplanet.com/marc-faber-sees-no-bubble-in-gold-price-run-up.html

[8] European Stocks Could Correct Up to 20%: Marc Faber: http://www.prisonplanet.com/european-stocks-could-correct-up-to-20-marc-faber.html

[9] Marc Faber: Obama’s Job Package ‘a Complete Joke’: http://www.prisonplanet.com/marc-faber-obamas-job-package-a-complete-joke.html

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