Sunday, March 5, 2017
Marc Faber : #Trump 's Bull Market to Come to an End in 2017
The Gloom, Boom & Doom Report’s Marc Faber discusses why he foresees the end of the market's bull run.
"I believe also the policies of Mr. Trump will actually not reduce the government," Faber continued, suggesting that the commissions President Donald Trump sets up to restructure government agencies will actually go against traditional Republican ideals. "Plus, fiscal spending means essentially an expansion of the government, so that is not pro-growth in my book," Faber added. "We have roughly inflated asset markets. I also own shares, I also own bonds, and I also own precious metals. I also own real estate. So if asset prices go down, I suffer like you and everybody else," he said. "But at least I know that it can happen."
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.