| Faber also said the main problem hindering US growth is the lack of affordability in its major cities. “The prices have gone up so much that many cities in the US and Europe are not affordable anymore. What people do is spend money, but they don’t go out too often; they go out once a week or so.” |
Marc Faber (born February 28, 1946) is a Swiss investor based in Thailand. Faber is publisher of the Gloom Boom & Doom Report newsletter and is the director of Marc Faber Ltd, which acts as an investment advisor and fund manager. Faber also serves as director, advisor, and shareholder of a number of investment funds that focus on emerging and frontier markets, including Leopard Capital’s Leopard Cambodia Fund and Asia Frontier Capital Ltd.'s AFC Asia Frontier Fund.
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