Marc Faber: In 5 to 10 Years Time The Real Crisis Will Break Out When the Whole System Collapses

by | Aug 30, 2009 | Forecasting, Marc Faber | 2 comments

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    Dr. Marc Faber of the Gloom Boom & Doom report August 27, 2009. Dr. Faber discusses the possibility of near-term economic recovery and long-term economic collapse.

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      2 Comments

      1. LOU on September 18, 2009 at 10:57 am

        IS THERE ANY RENOWED ECONOMIC “EXPERT” THAT U KNOW OF THAT IS BULLISH OR A LEAST BIT OPTIMISTIC ABOUT THE FUTURE OF THE U.S. ECONOMY, OR ARE THEY ALL DOOM & GLOOM?  THANKS, LOU

      2. admin on September 18, 2009 at 11:31 am

        Hi Lou — yes there are tons of them, actually.. probably much more than there are doom and gloomers… In fact, and i don’t have the link, 75% of money managers in the US as of today believe we are going to see positive economic growth and/or will not see lower economic stats going forward.

        A couple of experts that are bullish are non other than:

        1. Ben Bernanke (macroeconomist and student of the great depression)

        2. Paul Krugman (Keynesian economist and believer that a new bubble will get us out of this mess.)

        There are many others out there… just go to CNBC, MSNBC, etc and you will find bunches of economist bulls 🙂

        so, it’s not all gloom and doom.

        Thanks for your comment.

        Sincerely,

        Mac

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