“I see a bubble in everything that relates to the financial sector,” Marc Faber the author of the Boom Gloom & Doom report told CNBC on Tuesday. He puts bonds, low-quality bonds and equities on the top of that list. “If you look at the financial sector as a percentage of the global economy, it’s very large. We have a huge debt bubble, and it’s only getting bigger. It’s not getting any smaller.”
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.