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Marc Faber Guarantees A Global RecessionBen DuronioBusiness Insider May. 27, 2012 |
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 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. |
