President Obama's interventions in the market won't solve problems and will create unintended consequences, Marc Faber, author and publisher of the "Gloom, Boom & Doom Report," told CNBC Friday.
"I don't have a very high opinion of Mr. Obama," Faber said. "I was negative of Mr. Bush, but I think Mr. Obama makes him look like a genius. Basically I think everybody will agree that in an economic system the market solves problems best."
