Marc Faber, the Swiss investor based in Thailand and the publisher of gloom boom doom report said the above.
As from wiki, Faber is credited for advising his clients to get out of the stock market before the October 1987 crash. Faber predicted the rise of oil, precious metals, other commodities, emerging markets, and especially China in his book Tomorrow's Gold: Asia's Age of Discovery. He also correctly predicted the slide of the U.S. dollar since 2002. In 2012, Faber claimed that there was a "100% chance" of a global economic recession later that year or in early 2013.
Faber also said that the market is likely to crash in 2016/2017 period.
Precisely the wrong time for Fed to hike
Few days ago, Faber was interviewed by CNBC and he said Fed rate hike is not so important compared to the global economy now. The fact ......