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Marc Faber, editor of Gloom, Boom & Doom Report, on why he is sure a global recession is imminent.
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The Federal Reserve -- big speech.
Out west is on Friday with more on the -- let's go to mark -- are.
Editor of the gloom then and damn report missed Bob -- you editor report called gloom.
And -- among other words so why would we expect to -- hear anything else -- -- other than recession.
Arnold by bad -- those -- -- boom.
Every country I've seen that buying some European shares.
In market like Portugal Spain eat in these brand.
Because that -- not yet -- -- that more than part of -- spent.
About.
The march 2009.
Low.
In Europe many markets are at or below that the government nine low.
Okay wouldn't -- would viewed then it short the US market.
Well.
Give them money -- environment it's dangerous sore but -- Great -- back EQ what department my head invade for the next two months you have to be -- -- spent long -- on the bench or.
I think I think the short.
And I would expect out of Ben Bernanke we -- going to hear from him on Friday because again.
Isn't Europe in part contingent on what -- -- and Central Bank does here at -- I don't expect anything.
From any actual bank earth because -- I think -- -- to create -- The local -- -- the worst being that Great Depression though you can't expect anything from them expect another long.
But what they can do -- but own.
I'll oral rule is -- -- -- -- estate agent but both can no.
-- -- -- -- -- And told that GDP look better for a acquirer of wired out if they don't bet it did that acquired brain body.
And -- the -- Stop -- right the -- -- isn't your bet on European shares based in part on what they European Central Bank does to.
Prevent greater disaster in places like Spain and Italy.
They're not really because I think that's actually these countries expect -- -- Euro.
It would be probably -- the European economy better.
It would he had very tight evaluations.
Of -- -- -- it and it would after Marines to use that it's it's eight.
Or or whatever.
-- -- bank bought.
Felt like it would be needed -- -- drop all worth pulled back the appreciation of the current.
Mark what do you hate the most.
Right now critical -- What I -- the most common -- apparent respect these.
Are basically.
European and US government bonds in the ticketed -- there -- the year US treasury.
I think it completely are indeed dire believe -- -- -- -- Over the next thirty years you can be sure that -- patient will be -- here.
Our idea of it and what.
The government be publishing debate -- part I here.
Visit India are active they have to write about 70%.
And credit can -- -- I respect your -- -- -- we have possibly -- increase at a park I and number two.
I don't believe that's very public and it -- we both are right include -- used to -- that they.
Because.
It will be very difficult cut entitlement program.
And independent it will pay idea of the quality of the bank will go out -- three see fit both C.
-- -- -- Thank you for that -- listing.
-- by any parent got to make no mark it was terrific to hear from new very model we have greater very.
