Faber - Odds Of Recession 100%

Discussion in 'Politics & Religion' started by pspr, May 26, 2012.

  1. pspr

    pspr

    I'm not a big fan of Marc Faber but a 100% call for a recession is something to take note of. An October skid would dump Obama in the drink just like it did John McCain.
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    “I think we could have a global recession either in Q4 or early 2013." When asked what were the odds, Faber replied, "100%."

    However, in the near term Faber also sees potential for a market rally.

    Faber said the bullish catalyst would be Greece exiting the EU.

    It’s worth noting that Faber is talking hypothetically; he does not think Greece exits the EU in the near future.

    “What I think will happen is that Germany will show more flexibility and issue more euro bonds.”


    http://www.cnbc.com/id/47566735