Tuesday, June 5, 2012

Marc Faber: 'Vicious Spiral' Will Hit U.S. Profits

MON 04 JUN 12 | 07:03 AM ET

Marc Faber of "The Gloom, Boom & Doom Report," tells CNBC in this "Squawk Box" excerpt that he thinks Europe is already in a recession and China's growth is much slower than most believe. He expects U.S. corporate profits will be hit by a global slowdown.

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