Marc Faber is usually known for his grim predictions, earning him the moniker “Dr. Doom”; a name he shares with Nouriel Roubini. The doctor has laid out a number of predictions in the past few years with his more recent jabs directed at sluggish growth in major Asian nations like China. But it seems that even Faber gets tired of a curmudgeon-like attitude, as one of his more recent predictions actually benefits the U.S. dollar [for more news and analysis on the dollar subscribe to our free newsletter].
As Sandy began to hammer the east coast late last night, the U.S. Department of Labor has yet to make a decision when to release October’s jobs data. This report will be a key factor in the upcoming election, as the undecideds will look to the jobs report as a sign of how our economy has been performing which could sway them either for or against current President Barack Obama. This, of course, comes after the last jobs report where many speculated that the numbers were fudged in favor of Obama, as the unemployment rate saw its biggest dip in recent memory [for more economic news and analysis subscribe to our free newsletter].
Marc “Dr. Doom” Faber has amassed quite the following in the financial world given his outspoken nature and uncanny ability to time the markets. This year has seen Faber urge investors to store their gold overseas and a warning that no matter who holds the Fed chair next, he will continue to print loads of money. Faber’s most recent prediction calls for a drop in the markets, as he has explicitly stated his bearishness for the global economy for some time now [for more economic news and analysis subscribe to our free newsletter].
Inflation can be a nasty surprise for investors who are not amply prepared. Its effects can reduce your real return on an annual basis and make it much more difficult to keep up with your standard of living. With the newly-announced open-ended quantitative easing program that involves a fair amount of money printing, many investors are worried that it is only a matter of time before inflation kicks up and wreaks havoc on their investments. Some are predicting hyperinflation, while others like Bill Gross have stated that inflation will be significant enough to turn all real returns to 0% for the foreseeable future [for more inflation news and analysis subscribe to our free newsletter].