Marc Faber is interviewed by Reuters (8th of December 2011) and says there will be a global market collapse and the entire derivatives market will one day cease to exist.
Most people will be lucky if they still have 50% of their money in 5 years time. That's why he recommend equities as they should still have some values, would avoid government bonds, and said cash is only useful for short period of time.
Friday, 9 December 2011
Marc Faber: The Derivative Market Will Cease to Exist
Posted on 05:55 by Unknown
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