Marc Faber Warns "Western Imperial Arrogance Will Ignite Middle-East "Powder-Keg"by Tyler DurdenZero Hedge Sep. 04, 2013 |
All-Indian Crew On Ship That Crashed Into Baltimore's Francis Scott Key Bridge
RFK Jr Names Nicole Shanahan as VP Pick
Texas Gov. Greg Abbott Signs Executive Order to Punish 'Antisemitic Rhetoric' on College Campuses
Israeli Lawyer Who Pushed 'Hamas Mass Rapes' Hoax Accused of Scamming Donors
NY Times Debunks Own 'Hamas Mass Rape' Hoax, Admits Key Witness Fabricated 'Rape' Claims
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." |