And who is Marc Faber? Well, he’s a big Swiss investor and adviser to gigantic investment funds. He’s considered one of the experts in emerging markets. He lives in Thailand and runs his investment business out of Hong Kong.

Of course, he’s just one the world’ many investment analysts, and you could cite the fact that he has been dubbed Dr. Doom, for his contrarian gloomy forecasts at certain times in the past decades. But consider his track record: