Marc Faber Guarantees A Global RecessionBen Duronio
May. 27, 2012
'Problematic' Makeup Removing App 'MakeApp' Causes Mass Triggering
Apple Diversity Chief Who Said Whites Can Be Diverse Out After Outcry
WATCH: 60 Minutes Re-releases 2001 Interview With Zimbabwe's Robert Mugabe
Woman Tells Man To Stop 'Manspreading' On NYC Subway, Gets Punched In The Face
Here's The Best Al Franken Groping Memes
In an interview on CNBC’s Fast Money Halftime Report, Marc Faber of the “Gloom, Boom, and Doom Report” stated that a global recession in the final quarter of this year or any time next year is certain.
"I think we could have a global recession either in Q4 or early 2013. That's a distinct possibility.”
When asked what were the odds, Faber replied, “100%.”
Faber has been calling a potential stock market crash later this year if the markets did not come down, but since the markets have dropped lately he does not expect the 1987-style crash he previously mentioned. Despite his doubt of a market crash, Faber is guaranteeing a recession within the next year and a half, which is a pretty astonishing call.