‘Gloom, Boom & Doom Report’ Publisher Marc Faber provides insight into the global market selloff. 

“It could be worse… what we’re seeing here is just an appetizer of something larger”

“My sense is that many policies that were implemented- in particular zero interest rates and more recently negative interest rates- are rather negative for asset markets than positive,” he explained. “They create a lot of uncertainty in investors’ minds and we have statistics on all the countries that have introduced negative interest rates. In all these countries actually the savings rate went up.”