Even though the stock market has shot up by 7% this month after a very miserable drop in May and June, Marc Faber does not change his opinion and is not buying the “good news”. The reason why Marc Faber is holding his ground is because the US is in deep debt and in order for them to get out is only more quantitative easing.
“I’m convinced they will implement quantitative easing and massively so, ” says Marc Faber. He adds that it will probably happen in September or October.
He also says that the US economy is not robust. There are many mixed signal but the economy is generally still weak. He also mentions that the European economy does not have a chance to grow either.
Watch the interview between Marc Faber and Bloomberg here.