Dr Doom Marc Faber: ‘I’m a great optimist’

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.

Read More Marc Faber: Beware the 'stealth bear market'

"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.

In fact, he says that U.S. stock indices could make new highs, driven by select outperformers such as GE and General Motors.

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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Trading Nation is a multimedia financial news program that shows investors and traders how to use the news of the day to their advantage. This is where experts from across the financial world – including macro strategists, technical analysts, stock-pickers, and traders who specialize in options, currencies, and fixed income – come together to find the best ways to capitalize on recent developments in the market. Trading Nation: Where headlines become opportunities.

Michael Santoli

Michael Santoli joined CNBC in October 2015 as a Senior Markets Commentator, based at the network's Global Headquarters in Englewood Cliffs, N.J.  Santoli brings his extensive markets expertise to CNBC's Business Day programming, with a regular appearance on CNBC's “Closing Bell (M-F, 3PM-5PM ET).   In addition, he contributes to CNBCand CNBC PRO, writing regular articles and creating original digital videos.

Previously, Santoli was a Senior Columnist at Yahoo Finance, where he wrote analysis and commentary on the stock market, corporate news and the economy. He also appeared on Yahoo Finance video programs, where he offered insights on the most important business stories of the day, and was a regular contributor to CNBC and other networks.

Follow Michael Santoli on Twitter @michaelsantoli

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