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Wednesday, January 16, 2013

Marc Faber forecasts 100% chance of a global recession in 2013



Veteran forecaster and ArabianMoney favorite Dr. Marc Faber sees a 100 per cent certainty of a global recession in 2013 with a ‘distinct possibility’ of a US recession in the first quarter running over from the fourth quarter of this year.

Dr. Faber is on the record as predicting a 20 per cent correction in the S&P 500 and even larger downshifts for emerging market stock markets. People pay attention to the man voted the world’s top pundit at the Barron’s Roundtable…

Finance Gold and Silver

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