Marc Faber the Swiss fund manager and Gloom Boom & Doom editor said the US is so full of debt, stuck in a period of slow growth and high enemployment, that the Federal Reserve will soon have to revert back to crisis era policies.
Speaking to Bloomberg in a live interview Thursday, Faber said: " I am conviced the Fed will soon implement further quantitative easing," adding "and massively so".
"It will probably happen in september, October," Faber said, putting a timeline to his prediction.
Explaining his reasoning, he said: "The US economy is not robust".
Not buying into the good news brigade of commentators who believe the worst is behind us and the US economy is on the mend, he said: "We have mixed signals, but in general the economy is still weak".
Nor has the recent rise of the euro dampen his views on Europe. Faber said Europe does not have a shot at growth and is stuck in sideways movements in its economy, for years to come, as austerity and bailouts weigh on growth.
In his latest monthly market commentary the famed investor discloses a bit more about his investment philosophy.