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Tuesday, April 29, 2014
Marc Faber : All Bubbles deflate at some point
The financial markets or asset markets, all of them are in large or small bubbles, and eventually will get deflated.
it's equities, bonds, real estate, paintings, vintage cars or
apartments in Mayfair, London or Madison Avenue, New York, all these
assets will come down in value because of credit collapse. I don't know
when it will actually happen, but that is a risk for emerging economies.
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.