John Bogle of Vanguard Group has recently said it's urgent that people wake up as this is the worst time for investors. Do you think on similar lines or there is some positive news for the investor?
Marc Faber : I can say one thing that today the uncertainty is
much higher than in the past. We continue to have central banks running
the expansionary policies in terms of fiscal and monetary stimulation,
which has led to the asset price inflation.
This creates very
high uncertainty because you do not know how much more money will be
printed in the US. Uncertainty arises because of these reasons.
interventionists want to stimulate the economies by manipulating the
markets, particularly interest rates. They are creating higher economic
and financial volatility than in the past. - in a recent interview with rediff