Wednesday, January 11, 2017
Marc Faber : Trump will soon be begging the Fed for QE4
"Mr. Trump is pro-business, so it's natural that the mood has improved among the small-businessman, corporations and investors," Faber said Thursday on CNBC's "Futures Now." But even as Faber expects equities to keep rising, he noted that stocks are only climbing to a "higher diving board" and it will "not be very friendly" to investors if things start to turn. "I think Mr. Trump will have a better economy, but that doesn't necessarily mean that asset prices will go up, because they are already grossly inflated," he said.
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