"We are in a gigantic asset bubble around the world with prices of real estate having risen a lot," he said. "The high end is at record highs. In the Hamptons, in Mayfair, London, Hong Kong, Singapore, and we have a high inflation overseas, so I think that one day this asset inflation will lead to deflationary collapse one way or the other."- in CNBC : 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.