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'The Gloom Boom & Doom' report editor Marc Faber weighs in on the state of the global economy.
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But we need some gloom and in every now and then and for that we go to doctor didn't himself mock Bob Barr is publisher.
An editor of the gloom then and damn report joins us now on the phone from Marie shows.
Mr.
Bob are great to talk to you this morning and look at I don't know -- look at Washington and you look at the world and what do you see are you optimistic.
Well basically I think that the global economy slowing down considerably we have very -- in Europe being the US we have.
Possibly walk up 2% growth may be no growth depending how are you -- that they -- we have a slowdown in Asia in particular area in China.
But there are some -- that they've all been the world I was recently traveling in Indochina in southeast Asia.
In other words countries like in the -- Thailand throughout Cambodia Vietnam.
It is -- region 200 -- -- million people they would integrate then they will grow very rapidly.
Vowed to probably that the stock markets have already done very well early in Asia.
From the lows didn't do without that in mind Thailand Malaysia.
-- it'd -- in the Indonesia are up 250%.
Though.
A lot of the positive new without authority -- this count it then don't look at yet that the -- more than doubled from the rose.
In 2009.
I think -- picked these big.
I think what I really changed in the world -- yet and weaken it.
And that will be well that they export Japanese share.
And also east Greece could rally by a deeper spending from the lows.
Being made tool belt state year.
And I think that China and Vietnam can -- -- 30%.
While it marks ripping up Asia though and you've always liked gold occasionally college for -- correction.
But there are it was a story in the Wall Street Journal today that a small number pension funds.
In Japan have started to invest in gold for the very first time very unusual.
The beginning of something may be bigger -- that could mean a big gold rally.
Yes.
IE arms build upon that -- I will never spelled my -- that long last -- politely but Obama and -- -- Bernanke.
Are running economic policy.
And that -- -- these EPS gold the other Central Bank -- of the monetize the -- We had a huge problem in gold prices from the lows -- in 1999.
And we -- out more than a year ago at the 1921.
Dollars.
And I failed think we are in a correction in the area that we have -- the board.
Between faith beef being 22 around 16100.
We got -- these 275.
-- -- still think we may -- somewhat lower before that makes bull market -- on the way.
I'm mark.
Enjoy a wherever you are -- you're always.
I'm on an island.
East in the amount -- -- car I'd be famous.
What do you now extinct.
Dole dole birds.
And I love it.
I love everything about it mark thank you so much mark -- -- well.
