Marc Faber Warns "Western Imperial Arrogance Will Ignite Middle-East "Powder-Keg"by Tyler Durden
Sep. 04, 2013
1.Trump is Right: GOP Debate Audience is Packed Full of Republican Donors
2.'15-Yr-Old Boy' Who Killed Swedish Social Worker Is Actually Somali-Born Adult
3.Caught On Camera: Preacher Cited by Officer Because It's "Illegal to Offend People"
4.VIDEO: Australian Feminist Politician Gets Told Off After Accusing Opponent Of 'Mansplaining'
5.Man Says He Was Fired After Pulling Gun in Gun-Free Zone to Save Woman's Life
6.Ted Nugent Replies 'Eat Me' to Critics of 'Anti-Semitic' Gun Control Post
7.'Bagged For Life': Comedy Video Mocks UK Bag Tax
8.Ticketing For Profit So Rampant, State Lawmakers Forced to Take Action -- Cops Are Furious
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."