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Marc Faber's Latest PredictionBeacon EquityJan. 22, 2011 |
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 Marc Faber, the editor of the Gloom Boom & Doom Report newsletter, is on the record with a fresh prediction that U.S. and European stocks will outperform emerging stock markets. The Swiss-born, pony-tailed economist who enjoys the Asian style of life and Mao memorabilia expects emerging stock markets to succumb to headwinds as the result of inflation during 2011. Faber opines the confluence of the U.S. Federal Reserve and European Central Bank unprecedented debt monetization activities have flooded capital fleeing into commodities--raising substantially the cost of living to lower per capita purchasing parity countries--as the root cause. Read More 
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