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Marc Faber Global Recession Prediction "Recession to Start in Q4 or Early 2013" |
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August 24, 2012: Yesterday Marc Faber, publisher of "The Gloom, Boom & Doom Report1," told CNBC's "Closing Bell" there is still a 100% chance the world heads into a recession. Odds of Global Recession Are 100%: Marc Faber
This was an reiteration of his May 25, 2012 CNBC appearance where he told CNBC's "Fast Money Halftime Report" that he expected the recession to begin by late 2012 or early 2013:
Faber said on May 25 that the stock markets could rally first, which it has, but he thought the rally would come from Greece exiting the Euro:
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Faber seems to agree with ECRI that there is little the Federal Reserve or other policy makers can do to avert this recession:
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Note 1. Gloom Boom & Doom report: http://new.gloomboomdoom.com/public/pSTD.cfm?pageSPS_ID=6000
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