13 August, 2009

"I Expect Now For The Next Couple Of Months A Period Of A Recovering Dollar"

"I expect now for the next couple of months a period of a recovering dollar and weak assets. A strong dollar means global liquidity tightening. The dollar will strengthen because the US economy is the least cyclical, but developing countries are more exposed. In a scenario where growth will be disappointing, I think emerging markets are vulnerable. I think we had huge increases in stock prices, a lot of markets have doubled in price." Marc Faber, CNBC

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.