Friday, October 18, 2013

Marc Faber: Pray All Asset Classes Don’t Collapse at the Same Time

Marc Faber : “Bank deposits are not safe which used to be safe. Money in Treasury bills is not 100 percent safe and there is inflation in the system and you would hardly get any interest.


“Bonds are not very safe anymore because eventually interest rates will go up Equities in the U.S. are relatively expensive by any valuation matrix you may use.

(The federal government is) “essentially wasting money left, right and center: Republicans on the military and the Democrats on buying votes with transfer payments and entitlements. The best you can hope for is that you have diversified your portfolio of different assets and they don’t all collapse at the same time.”

- in moneynews.com, 10/15/2013

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

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