Thursday, November 28, 2013

Asset Inflation can flow into Consumer Inflation



"Why are so many product prices in Singapore and Hong Kong more expensive than in the U.S.? It's because when you have asset inflation and high property prices, shops have to pay higher rents, so they charge more for their products. So asset inflation can flow into consumer inflation,"

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

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