|
Marc Faber Guarantees A Global RecessionBen DuronioBusiness Insider May. 27, 2012 |
Popular 
House Passes NDAA With Section 219 Aimed at 'Merging' U.S. and Israeli Militaries
Trump Welcomes 'The Highly Respected' Alan Dershowitz Into The GOP, Shills His New Book
Netanyahu Confirms Plan to 'Merge' U.S. and Israeli Militaries
Sen. Graham Worked With Israeli Officials to Push GOP Senators to Pass Aid Package, Amb. Reveals
Sen. Lindsey Graham Dead at 71
|
 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. |
