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Dr. Marc Faber: Global Recession, Gold & Silver Update, Midwest Drought, Middle East Tension & More – Dr. Mar Faber said this week he thinks there is now a 100% chance of a global recession. How can Faber make this call and we have any meaningful recovery? We simply do not and what we have are bailouts and bottom bouncing. Faber has made many monster calls on the economy. In 2009, he told everyone to buy stock and the market more than doubled. Maybe that’s why the Fed is signaling it will, once again, start quantitative easing or money printing. It meets at the end of the month at Jackson Hole, Wyoming. Expect a big announcement then. This may also be why gold and silver have been rising in price lately. It looks like some sort of gold standard and an audit of the Federal Reserve are going to be part of the Republican platform this November. If the Republicans are serious, they may have a chance of capturing Ron Paul supporters which are young voters. Join Greg Hunter from as he gives his analysis of these stories and more in the weekly news Wrap-Up.
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Marc Faber
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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