Faber runs an investment company based in Thailand with an office in Hong Kong. He says some interesting things in this video.
I am surprised with the reelection of Mr. Obama. The S&P is only down like 30 points. I would have thought that the market on his reelection should be down at least 50%…I think Mr. Obama is a disaster for business and a disaster for the United States. Not that Mr. Romney would be much better, but the Republicans understand the problem of excessive debt better than Mr. Obama who basically doesn’t care about piling up debt. You also have in the background Mr. Bernanke, who with artificially low interest rates enables the debt to essentially escalate endlessly.”
I doubt [Obama] will stay at the presidency for another four years. I think there will be so many scandals”
He runs a site he calls GloomBoomDoom.
And then there is this: “Federal Reserve Report: 100% Chance of Recession”Share