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Friday, July 25, 2014
We have a Bubble in everything — From Stocks to Bonds, Real Estate, High-End Real Estate and even Art
“we have a bubble in everything — from stocks to bonds, real estate, high-end real estate and even art.” Marc Faber said at a CFA Institute financial analysts seminar in Chicago Thursday “I believe stocks are fully priced here,” he added, and “I’m of the view of Jeremy Grantham — that when you have low valuations, future returns are relatively high; when you have high valuations, future returns are relatively low.”“Growth doesn’t come from eating and consuming — it comes from capital investment.”, “geopolitical tensions in southern Asia between China, U.S., Vietnam, Philippines, etc. will have an effect on asset prices,” he said. source : http://www.pionline.com/article/20140724/ONLINE/140729894/marc-faber-heavy-on-gloom-and-doom-at-cfa-seminar
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.