'Marc Faber readies for hyperinflation, dollar’s demise and civil unrest'

from market watch.........

"Dr. Doom,” that is — also known as Marc Faber, the Hong Kong-based investment manager, author, and publisher of “The Gloom Boom & Doom Report,” his monthly musing about the state of global economics and geopolitics.

Faber is to financial-market optimists what the Grinch is to Christmas. He doesn’t often like what he sees, and nowadays he finds even less to like about the world’s economic situation than he did in 2008 — as if that wasn’t bad enough.

“Financial conditions are today worse than they were prior to the crisis in 2008,” he said in a telephone interview earlier this week from Thailand. “The fiscal deficits have exploded and the political system [in both the U.S. and Europe] has become completely dysfunctional.”

Certainly, the unprecedented global stock market volatility in this hot August, including Tuesday’s rout, suggests that investors and traders alike are looking for someone, somewhere, to take the wheel. Read more: Confidence is collapsing around us"...............READ MORE