Wednesday, May 28, 2014

Marc Faber:Buy Treasurys , Stocks will Drop

“Through the money printing by central central banks we had even further asset inflation, particularly after the last crisis. As a result of that, we also have elevated debt. We have today global debts, as a percent of the global economy, that are 30% higher than they were the last time the crisis occurred in 2007. So I think the system is still very vulnerable. Now I am not predicting a complete collapse because money printing can go on almost endlessly, but it will have negative consequences and unintended consequences.”

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.

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