Is "Dr. Doom" actually an optimist?
That's what Marc Faber, editor of the Gloom, Doom & Boom Report, insists — despite his consistent predictions of market crashes and economic calamity.
"I always tell people I'm a great optimist," he said in a Wednesday interview on CNBC's "Trading Nation." "One of the most dangerous things to do in life is to drive motorcycles in Thailand. And I have five motorcycles."
This year, Faber has warned of an impending recession, a "stealth bear market" and a deep plunge in stock prices. But it would appear that Faber has actually tempered his bearish take.
"I'm most gloomy about the prospects of the global economy, but it doesn't mean that markets will go down," Faber said, thanks to "mad professors at central banks" who could implement another round of quantitative easing in the near future.
And when it comes to Indochinese countries such as Vietnam, Cambodia, Laos, Myanmar and others, Faber is downright bullish.
"This region could grow at easily 6 to 8 percent per annum for the next 10 years, provided there is peace," he said.
But Faber doesn't necessarily think we are out of the woods just yet.
"You could have zero interest rates and stocks go down," Faber said. "So even at these very low interest rates, something can happen and dampen the enthusiasm for equities."
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