Investors Should Accept Greek Writedown of 90 Percent

“Greece is bankrupt, whether they want to admit it publicly or not,”

“It will need a 90 percent writedown, but that’s not going to happen. What will probably happen is a 50 percent writedown.” - in Bloomberg

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.