New year cheer: Dr Doom & SocGen's Edwards predict investors will 'lose faith'

This year will see investors finally lose faith in the notion that policymakers are in control of global economic events, according to 'permabear' investor Marc Faber.

The author of the ‘Gloom, Boom & Doom' report, who like Nouriel Roubini is dubbed ‘Doctor Doom' for his persistently bearish market views, has been predicting such a turnaround in sentiment for some time. Faber (pictured) expects this year will be the year markets recognise central banks are no longer able to control markets with changes to monetary policy. "I cannot short central banks, but I would really like to," the bearish investor said at Albert Edwards' annual global strategy presentation, held by Société Générale in London on Tuesday. Speaking at the same event, SocGen stra...