Thursday, June 29, 2017
Marc Faber : Eventually the system will break
Marc Faber, publisher of the "Gloom, Boom & Doom Report," discusses tech stocks and the broader market with Courtney Reagan.
"Either people with money will be taxed heavily ... or we'll have a massive deflation in asset prices — I repeat: massive," Dr. Marc Faber warned. "Eventually the system will break."
"We could print enough money that the Dow goes to 100,000. All I'm saying is it will end very badly, extremely badly," he said.
But it's not all gloom. Faber notes it could also give investors a rare "out-sized" buying opportunity similar to 2003 and 2009, when deep corrections gave traders a chance to load up on cheap assets.
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