Saturday, June 27, 2015
Marc Faber Warns of Massive Deflation in Asset Prices
“It’s not just the Fed that has fueled the bubble, it’s the other central banks… the ECB that has fueled the bubble mostly with sovereign debt and bailed out Greece repeatedly,”“Basically, we are six years into an economic recovery… there are huge distortions in the markets, where basically financial assets have been going up very substantially, and real wages for the typical household, or real household income, has been either flat or down. So it’s created huge market distortions, and I think eventually this will be resolved by a massive deflation in asset prices.”
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