Marc Faber, publisher of the Gloom Boom and Doom Report, says that we are in a period of correction right now and say “I Am Long the Dollar”
The U.S. dollar may appreciate well over 10 percent against the euro during the next quarter, says Marc Faber, the economist known as “Doctor Doom†to investors.
Faber has long predicted the dollar’s complete collapse, so the dollar rally for him is an interesting turn of events.
“Maybe the dollar has made a turn; it can easily rebound by 10 percent,†Faber told Bloomberg News.
“It may have started already since the asset markets started to go down 10 days ago.â€
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