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Marc Faber Handicaps Chance of Global Recession at a Cool 100%

by Brett on May 30, 2012

Dr. Doom is circling!  Marc Faber predicts a global recession in Q4 of this year or early 2013, putting this odds at a cool 100%.  He thinks investors are missing the point with their fixation on Europe (he’s recently commented that Europe’s real problem is too much state involvement, which I agree with).  Faber believes that slowdowns in China and India are the real threat to the global economy.

Faber believes the markets have already priced in a Eurobond and weaker Eurozone that still contains Greece (as reflected in the euro’s recent price declines).  At present, he does believe markets are oversold and due for a rally (same goes for the euro).

Here’s the full Marc Faber CNBC interview.

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