Saturday, May 31, 2014

A 20% Market Collapse is coming

“I don’t regard this as a very healthy market,” Faber told CNBC on Thursday from Singapore. “The U.S. market is in a very dicey position where it could easily drop 10, 20 percent.” He added that some stocks have already declined by these percentages, such as technology and biotech shares. “I think we are bracing for a general asset deflation,” Faber said. “I think the system is still very vulnerable. I’m not predicting a complete collapse because money printing can go on almost endlessly but it will have…unintended consequences.”


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