Faber: The Kondratieff is a Price Cycle and Interest Rates follow The Kondratieff very closely

Posted by Marc Faber - Gloom Boom & Doom Report

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In this exclusive interview with Marcopolis.net Marc Faber covers it all: from commodities and China to the outlook on inflation, the Euro and gold. According to him the global economy is not healing. To the contrary, we might find ourselves back into recession within six months or a year. In that case he expects more money printing by central banks, which eventually could lead to high inflation rates and renewed strength in commodity prices. On the bright side, he sees great economic potential in Vietnam. Also, the Iraqi stock market has good potential now that a deal with Iran has been reached. While mining stocks are extremely depressed we might see defaults before any meaningful recovery.

 

Click HERE for Kondratieff explanation and a larger version of the chart (scroll down for the charts)

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