15 August, 2009

"Emerging Markets Are Kind Of Vulnerable"

"A stronger dollar means that global liquidity is tightning. The US is the least cyclical economy and as Professor Roubini has said, emerging economies are essentially more cyclical then the US Economy. They are like a warrant on the US economy. In a scenario where growth is going to be disappointing I think emerging markets are kind of vulnerable." Marc Faber, CNBC, August 12

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world. Dr. Doom also trades currencies and commodity futures like Gold and Oil.