I don't think the economy is recovering at all, says Marc Faber, The Gloom, Boom & Doom Report, explaining why he thinks there's more pain ahead for the economy, and why stocks and bonds will go down at the same time.
in the advanced economies are basically fully priced," he argued, and
said government bonds are expensive, given their low yields.
most under-appreciated asset is cash," even though investors won't earn
any money and will actually lose money in the long-term because of
Federal Reserve-induced dollar depreciation, Faber said.
the next six months, maybe cash is the most attractive." He also cited
the crisis in Ukraine among the geopolitical problems that serve as a
negative for the financial markets.
Faber: Cash most underappreciated asset
For the next six months maybe cash is the most attractive asset, predicts Marc Faber, The Gloom, Boom & Doom Report, citing Yellen as a "money printer," which Faber says depreciates the U.S. dollar.
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.