Marc Faber, editor of the Gloom Boom & Doom Report, sees the dollar rising in coming months and stocks rising in coming years.
The dollar’s rebound will be in reaction to its recent slump to 14-month lows, he told Bloomberg.
“Other currencies aren’t much better,” Faber said.
“Sentiment on the dollar was extremely negative over the last three months. I think the dollar will probably appreciate against the euro by another 5 to 10 percent. Later on, we have to see.”
Another reversal of recent months is that U.S. stocks are likely to outperform emerging markets next year, Faber says.
Ultimately, the Standard & Poor’s 500 Index could rise 200 percent if the Federal Reserve prints enough money, he says.
“I suppose this will happen over the next 10 years or so. Eventually, the U.S. government will have no other option but to print massively to finance the growing fiscal deficit.”
Markets won’t provide easy gains in 2010 like they did this year, Faber says.
“It will be more a year where not losing any money will be very important. Markets again will become more volatile in terms of currencies, interest rates and stock market performance.”
Other experts see the dollar recovering too, including even investment legend Jim Rogers, who is extremely bearish about the U.S. economy.
“I would expect a rally, whether it lasts a quarter or a year, I have no idea,” he told Newsmax.
© 2015 Newsmax. All rights reserved.