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Sunday, September 22, 2013

India Faces Sovereign Rating Downgrade Threat

Marc Faber, editor and publisher of 'The Gloom, Boom and Doom' report, says he fears that India faces a real threat of a sovereign downgrade given the worsening macro environment accentuated by a weakening rupee. He, however, says the current situation should not be equated to the 1997-98 Asian financial crisis.

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


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