Marc Faber: Not Much Good News for Canada

Posted by Marc Faber - Gloom Boom & Doom Report Doom Report

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Faber says U.S. equity markets are currently “extremely oversold” and that a short-term rebound may be in the mix, but he argues more pain is likely to emerge. He also highlights precious metals as the one asset class that may offer a glimmer of hope for commodity-producing economies such as Canada and some safety for investors looking to shield their investments.
“There’s not much other good news for Canada at the present time,” he said.

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