Faber Says 2009 to Be `Catastrophic' for Global Economy

Dec. 22 (Bloomberg) -- Marc Faber, managing director of Marc Faber Ltd. and publisher of the "Gloom, Boom & Doom Report," talks with Bloomberg's Rishaad Salamat about the outlook for the global economy in 2009 and his investment strategy. (Source: Bloomberg)

http://www.bloomberg.com/avp/avp.htm?clipSRC=mms://media2.bloomberg.com/cache/vh4CZyP0iSKg.asf

00:00 Forecasts economic catastrophe next year
01:14 Government bailouts, prefers doing nothing
03:17 U.S. treasuries, sees markets drifting lower
06:03 Chinese stocks, sees fluctuations in prices
06:56 Sees "bad" recession in China, equity outlook
07:45 Favors gold, gold miners, oil, BHP, Rio, Vale
08:34 Madoff, regulation, says SEC "fell asleep"
10:16 Calls for more accountancy regulation in U.S.
11:26 Sees volatility, S&P, dollar "disastrous"

Running time 13:42

favors gold, oil, and mining stocks