Friday, August 5, 2011

Faber: Brace for a Global 'Reboot' and a War


Markets could rebound after Thursday's global market sell-off, but investors should see any bounce as a selling opportunity, as the world economy rolls towards total collapse. Faber thinks that by the end of the fall, the S&P 500 will have slid to around 1150, and investors will be hoping that further round of monetary easing will stabilize markets. "The next time we have a global economic crisis, it will be much worse than 2008". Before this happens there will be money printing and there will be war. The whole system will collapse," he said. "That's why I'm advising people that they have to think it through. In a total collapse you don't want to own government bonds and cash." http://www.cnbc.com/id/44031717

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