Marc Faber Warns "Western Imperial Arrogance Will Ignite Middle-East "Powder-Keg"by Tyler Durden
Sep. 04, 2013
German Officials Respond to Migrant's Axe Attack by Calling for 'Mandatory Islam Classes'
Steve King Doubles Down: Idea Every Culture is Equal "Not Objectively True"
Finland: Man Thrown in Prison For Using "Excessive Self-Defense" Against Home Invaders
Black Lives Matter Protesters Block Bridge During Child's Medical Emergency
Report: Murdoch Son 'Horrified by Potential Trump Presidency' Forced Out Roger Ailes
As usual, Gloom, Boom, and Doom's Marc Faber pulls no punches in this brief interview on CNBC's Futures Now. When asked what is the catalyst for the crash he expects in US equity markets (following crashes in various markets around the world), he shocks a stunned anchor looking at equity markets near all-time highs with some ugly truths - "interest rates are no longer a tail-wind, earnings growth is not there, and emerging economies are collapsing (so no global growth)." However, with asset allocators "swimming in the pool of liquidity" it is hard to say 'when' it will occur especially as money floods out of EM markets. Critically though, it is Syria (and the spillover) that has Faber most concerned; as he concludes that Western governments "meddling" is "going to be a disaster."