Marc Faber Guarantees A Global RecessionBen Duronio
May. 27, 2012
Lib Freaks Out After Virtue Signalling Poll Backfires
'Please Stop Pretending You're A Rebel!' Coulter Mocks The Resistance For Being 'Lockstep With Corporate America'
Putin: Germans Should Not Be Forced to Hate Themselves Over Their Past
Unhinged Samantha Bee to Hope Hicks: 'F--k You,' 'You Helped Burn Down Democracy, Bitch!'
'Highest IQ Man In The World' On Colleges: 'They're A Breeding House For Parrots'
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.