Thursday, July 18, 2013
There will be a Massive Deflation in Financial Assets
MARC FABER : I feel deeply uncomfortable to hold cash in a bank and I think we are in an environment where financial assets are going to come under a lot of pressure at some point , Now will that some point be with Dow Jones at 20 000 , or 15 000 or 30 000 ? who knows ? but all I know is that the financial sector is disproportionately large to the global economy and that there will be a massive deflation in the financial assets
In Fox Business News interview : click here to watch the full interview >>>>>>>
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.