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Posted on 2 May 2014 | 6,831 views
1987 Type Stock Crash Predicted for 2014

The man who predicted the 1987 stock market crash and the recent global economic recession believes the worst crash in decades will take place later in the next 12 months. Dr Marc Faber, a Swiss investor and the author of the Gloom, Boom & Doom Report, said the cause of the crash would be the overvaluing of companies within the internet and biotechnology sectors.