"I expect now for the next couple of months a period of a recovering dollar and weak assets," Marc Faber, the author of "The Gloom, Doom and Boom Report," told CNBC. "A strong dollar means global liquidity tightening."
The dollar will strengthen because the US economy is the least cyclical, but developing countries are more exposed.
"In a scenario where growth will be disappointing, I think emerging markets are vulnerable. I think we had huge increases in stock prices, a lot of markets have doubled in price," he said.
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