In a September 1, 2009 interview with New Delhi TV Dr. Marc Faber discusses the possibility of financial market corrections and global currencies. (Interview follows excerpts and comments)
I believe in the next 10 days to two weeks we’ll get big moves in markets. And I wouldn’t be surprised if the Dollar would for a change strengthen and equity markets would correct and possibly quite meaningfully so.
This seems to be the consensus among contrarian forecasters like Bert Dohmen, Harry Dent and Martin Armstrong. Perhaps we won’t see a comple collapse just yet, but a correction is likely on its way.
Now what we have is extreme optimism among investor and economists about the outlook for the economy and about the stock market and extreme pessimism about the US Dollar. And, therefore for the next four weeks or even three months it’s possible that equities will dissapoint and that the correction that is going to happen is more severe than is anticipated….and that at the same time the US Dollar rebounds somewhat.
Mac Slavo Views:
Read by 66 people Date: September 3rd, 2009 Website:www.SHTFplan.com
Copyright Information: Copyright SHTFplan and Mac Slavo. This content may be freely reproduced in full or in part in digital form with full attribution to the author and a link to www.shtfplan.com. Please contact us for permission to reproduce this content in other media formats.
The content on this site is provided as general information only. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s). The author may or may not have a financial interest in any company or advertiser referenced. Any action taken as a result of information, analysis, or advertisement on this site is ultimately the responsibility of the reader.
SHTFplan is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.