Marc Faber Responds To CNBC Mockery, Asks “How Has CNBC’s Portfolio Done Since 1999?”

Posted by Marc Faber via ZeroHedge

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25523-thumbHaving provided his clarifying perspective on why the markets are extremely fragile and due for a 20-30% correction, Marc Faber was assaulted by CNBC’s Scott Wapner reading off a litany of recent calls that have not worked out as planned. His response was notable: “I started to work in 1970, and over that career, somehow, somewhere, I must have made some right calls; otherwise I wouldn’t be in business.”

What CNBC then edited out of the transcript was Faber pointing out his 22% annualized return in his publicly-viewable funds since then and asking – sounding somewhat frustrated at the anchor’s mockery (and background snickers) – “I wonder what the CNBC portfolio would look like since 1999?” The response: silence.

*Note: Continute reading for Marc’s view of the Fed, the health of the market, money-printing, the remarkable performance of the Phillipines, Indonesia, India, Thailand Vietnam, and his recommendations. All in two short 2 minute video’s and transcript that also reveal CNBC’s mockery of someone who isn’t wildly bullish – All HERE – Money Talks Editor