Extensive monetary easing has dangerous side effects and markets are sure to punish central banks for their mistakes, veteran investor and the author of the Gloom, Boom & Doom Report, Marc Faber, told CNBC on Thursday.
Extensive monetary easing has dangerous side effects and markets are sure to punish central banks for their mistakes, veteran investor and the author of the Gloom, Boom & Doom Report, Marc Faber, told CNBC on Thursday.
Marc Faber, "The Gloom, Boom & Doom Report explains why he expects to see a twenty percent correction in the market and is buying gold every single month.
In this "Squawk Box" excerpt, Marc Faber of the Gloom, Boom & Doom Report, warns investors to prepare for an eventual "'reset" of the global financial system.
The S&P 500 and Dow Jones Industrial Average could plummet 20 percent from their recent highs, veteran investor and author of the Gloom, Boom and Doom report, Marc Faber, told CNBC.
Marc Faber, managing director, editor & publisher of the Gloom Boom & Doom Report, tells CNBC "I wouldn't be surprised to see the major indices down by 20 percent, which is not a big decline."
In this “Squawk Box” excerpt, investor Marc Faber says the U.S. should drastically, and quickly, cut back the size of its government by at least 50 percent. (2:51)
"There is no evidence that increased government spending leads to an improvement in the economy," cites
Marc Faber, "Gloom, Boom & Doom Report" editor, discussing Fed policy and increased regulations.
There’s still a 100% chance the world heads into recession — and Germany is likely to slip into recession soon, Marc Faber said in an interview on CNBC.