Marc Faber - Investors Complacent To Economic Fallout From Coronavirus
Returning SBTV guest Marc Faber, editor and publisher of "The Gloom, Boom & Doom Report", believes the biggest economic issue today is the spread of the coronavirus and its psychological impact on people's habits causing detrimental effects on the economy.
Discussed in this interview:01:48 Doom and gloom in 202006:37 How plagues have influenced economics12:34 Endgame for the Fed's money printing17:09 Impact of rising debt on the man on the street20:28 Will negative interest rates die a quick death?29:13 Major destruction of wealth in paper or digital assets31:17 Coronavirus is the biggest economic issue in the world today34:30 Heading into a cashless world
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