Tuesday, September 16, 2014
Now We Are not going to get a Correction, but A Bear Market
“Credit expansion and money printing hasn’t filtered much to ordinary people. It’s boosted asset markets, real estate and stocks,” said Faber. “So well-to-do-people have done very well. High-end restaurants are packed. Now, some money flows to people who are serving there, because well-to-do people give generous tips, but ordinary people have a much higher cost of living.”
“Now we’re probably not going to get a correction, but more likely, a bear market that will be 20 to 30 percent at some point.”
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.
Posted by Nicole Bourbaki