Ultra bearish Marc Faber says the whole derivatives market will one day cease to exist, 'will become zero'
December 22 — Marc Faber the Swiss fund manager and Gloom Boom & Doom editor recently discussed his 2012 predictions. In a nutshell, he expects politicians in the US and the EU to keep on addressing symptoms rather than dealing with the fundamental problems of the crisis.
He can smell more money printing and sees less prosperity - to the point that within 5 years many investments could lose 50% of their value. "You can increase debt but it doesn't increase prosperity or economic growth," he says. He predicts the collapse of the derivatives market - down to zero - and favors equities and gold. Read more.
