Barron’s Midyear Roundtable continued with a bearish duel “heating up”, as Marc Faber weighed in with an outlook that didn’t see a lot positive in the short term, nor long term. (Also see Felix Zulauf’s gloomy outlook here).
Faber sees no sustainable resolution in Europe, and cites the West’s problem again as too much government involvement in the economy. He thinks the final breaking point may be 3-5 years away, and until then governments will continue printing money in an attempt to paper over the problem.
He does like a few investments – gold, gold mining shares, and Singapore REITS.