Wednesday, December 24, 2008

Marc Faber: 2009 to Be `Catastrophic' for Global Economy

Excellent interview where Farber illustrates his firm grasp of the dire economic situation we're in. First 4 minutes of the first video provides the best Macro-economic perspective, followed by a discussion of individual sectors, countries, etc in the later segments.

Part 1

Part 2

1 comment:

jerry said...

Faber makes a lot of sense. He stated what I have been feeling all along, that even though the US dollar will deflate, the rest of the world's currencies will show much weakness, too. I agree that the Government handled these bank failures poorly. China will slip into harder times, closing factories and having an increase in unemployment; yet, their GDP will continue to remain in positive territory and their Yuan will remain undervalued (currently it is undervalued by 55%, due to their manipulation.).