In response to the criticism, Faber decried what he saw as threats to the freedom of speech. Elaborating on his comments in the 15-page newsletter, Faber told MarketWatch that “progress would not have been the same” if the United States had been colonized by black people. Faber told MarketWatch that he expects to be expelled from several other boards on which he currently serves as a result of his controversial comments. Television networks are also distancing themselves from the investor, who appears frequently on CNBC and Bloomberg Television to discuss the markets. On Tuesday evening, the white nationalist Richard Spencer offered his two cents on Faber’s comments.

Source: Washington Post October 18, 2017 01:07 UTC