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Marc Faber on the Economy, Gold, WWIII [View article]
By October 2007, he said that Americans were experiencing recession only that they did not know it as yet.
It took one year later by the NBER to declare such truth, thus proving Marc Faber right.
To guess what should happen in stocks at the stock exchanges, what should happen in commodities at the commodity exchanges, a man must look outside such systems.
This is what Marc Faber does. He travels the earth relentlessly visiting the marketplaces for goods, talking to manufacturers.
Marc Faber looks at credit money growth and shipping levels to gain a better picture of what is happening.