Q: If there were to be a snap back, how powerful do you think it might be, are we talking about a big pullback for the dollar considering how much it sold off these past few months?
A: That I doubt because the Federal Reserve and the US government pursue policies that are not conducive to a strong US dollar. But as I said we are very oversold and could see some rebound, maybe around 10% or so. But I would not expect the US dollar to be structurally a strong currency in the next few years - quite on the contrary I think the US dollar will continue to lose its purchasing power.
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.
