Tuesday, March 7, 2017
Marc Faber : #Trump will Expand The Government not Reduce it
"I believe also the policies of Mr. Trump will actually not reduce the government," Faber told CNBC Future Now .
"Plus, fiscal spending means essentially an expansion of the government, so that is not pro-growth in my book," Faber added.
And, while Dr. Doom did not shed light on the timing or financial impact of a potential correction, he said that he will share in the effects.
"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.