Dr Doom Faber: Oil price could hit $70

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mangomoney
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Dr Doom Faber: Oil price could hit $70 Oct 26, 2016 16:22:39 GMT 7

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Post by mangomoney on Oct 26, 2016 16:22:39 GMT 7

Dr Doom Faber: Oil price could hit $70 as inflation 'surprises on upside'
Boosted by infrastructure spending

Permabear Marc Faber has shrugged off his 'doom and gloom' reputation to forecast the oil price rising to $70 on the back of a growing need for infrastructure.

According to CNBC, the Swiss investor (pictured) feels the price of oil is set to rise due to the global need for infrastructure and the increased spending on infrastructure projects in developed markets.

Faber, who is well-known as the author of the Gloom, Doom & Boom Report, said the economic growth in emerging Asia will boost prices, meaning the price of crude oil could reach $70 in the near future.

more...

www.investmentweek.co.uk/investment-week/news/2475221/dr-doom-faber-oil-price-could-hit-usd70-as-inflation-surprises-on-upside?utm_medium=email&utm_campaign=IW.Daily_RL.EU.A.U&utm_source=IW.DCM.Editors_Updates&im_edp=tmbbank.com

nottrollinghonest Crazy Mango Posts: 137 Likes: 14	Dr Doom Faber: Oil price could hit $70 Oct 26, 2016 16:48:42 GMT 7 Fletchsmile likes this Quote Select Post Deselect Post Link to Post Back to Top Post by nottrollinghonest on Oct 26, 2016 16:48:42 GMT 7 that's a crude estimate. waka waka

curtaintwitcher
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Dr Doom Faber: Oil price could hit $70 Oct 26, 2016 16:53:22 GMT 7 Fletchsmile likes this

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Post by curtaintwitcher on Oct 26, 2016 16:53:22 GMT 7

...Marc Faber is a voluble self-promoting white noise machine...He "predicts" the obvious when it suits his thinking and ignores or reshapes events to promote his "report"...investors would do better to use a ouija board...

realisedurgency Crazy Mango Posts: 121 Likes: 72	Dr Doom Faber: Oil price could hit $70 Oct 28, 2016 1:02:55 GMT 7 Fletchsmile likes this Quote Select Post Deselect Post Link to Post Back to Top Post by realisedurgency on Oct 28, 2016 1:02:55 GMT 7 Don't care for his predictions but see why he is popular. The accent and pony tail, plus the doom mongering, and some contrarian viewpoints makes for good television.

curtaintwitcher Crazy Mango Majestically enthroned amid the vulgar herd Posts: 999 Likes: 556	Dr Doom Faber: Oil price could hit $70 Oct 28, 2016 5:40:29 GMT 7 Quote Select Post Deselect Post Link to Post Back to Top Post by curtaintwitcher on Oct 28, 2016 5:40:29 GMT 7 ...for about 10 seconds as a visual oddity...then I see what D. Attenborough's doing...

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Dr Doom Faber: Oil price could hit $70

Post by mangomoney on Oct 26, 2016 16:22:39 GMT 7

Post by nottrollinghonest on Oct 26, 2016 16:48:42 GMT 7

Post by curtaintwitcher on Oct 26, 2016 16:53:22 GMT 7

Post by realisedurgency on Oct 28, 2016 1:02:55 GMT 7

Post by curtaintwitcher on Oct 28, 2016 5:40:29 GMT 7

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