Recession risks rise as central banks move slowly on interest rates, Marc Faber warns

ABC News (Australia), Released on 5/4/22

Contrarian investor Marc Faber says central banks have waited too long to act. He believes a recession is inevitable and it will hurt ordinary people.

Dr. Marc Faber was born in Zurich, Switzerland and obtained a PhD in Economics at the University of Zurich. Between 1970 and 1978, Dr. Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In 1990, he set up his own business, Marc Faber Limited which acts as an investment advisor and fund manager. Dr. Faber publishes a widely read monthly investment newsletter, "The Gloom Boom & Doom Report," which highlights unusual investment opportunities, and is the author of several books including Tomorrow's Gold: Asia's age of discovery which was a best seller on Amazon. Dr. Faber is known for his "contrarian" investment approach and charismatic personality. He became infamous after calling the 1987 crash in US equities.

economy, Fed, markets, recession

Recession risks rise as central banks move slowly on interest rates, Marc Faber warns added by Herman James on 05/04/2022View all posts by Herman James ?+'