World to face violent business cycles

The world economy is nowhere near to achieving stability, but could face more violent business cycles, largely resulting from government intervention in financial markets. So far, governments in the developed world have been addressing long-term structural economic problems such as low economic growth and persistent unemployment with short term fixes, largely through big doses of liquidity.

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