-
Global Debt Crisis to Help Dollar, But Nothing Else: Faber
Suffocating global debt problems and overreaching intervention programs will be good for the U.S. dollar but bad for asset prices otherwise, investment guru Marc Faber said. The uneasy time for financial markets will lead to an extended period of high volatility—both up and down—for the markets as economies grow slowly, the author of the Gloom Boom and Doom report said in a CNBC interview. His dollar call is based on the notion that investors will turn to the safety of the U.S. currency even as governments try to inject liquidity into the market to save the ailing financial system. "Despite the fact that the ... (full story)