“I don’t think that the dollar will be a strong currency, but you can have periods like in 2008 that the liquidity tightens. If you have the private sector withdrawing credit and the government throwing credit at the system you can get a lot of volatility.
I would be careful to buy equities now as we are in a correction period. It could be a more serious correction then it’s perceived generally. As of today, I will be long in dollars."
in Bloomberg, November 4th
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.
