Marc Faber On whether he's investing with a backdrop of no inflation:
"Well, I think investors
have a misconception about what inflation is because it is essentially
an increase in the quantity of money and credit. We have wage deflation
in the world in real terms, for sure. In other words, real wages are
going down and the cost of living everywhere are going up. That is why
you have social unrest in North Africa, in the Middle East, in Turkey,
in Brazil, and it will spread because the average person on the street
hasn't participated in the huge asset inflation that has been going on
in high-end properties, Mayfair properties, Fifth Avenue, Madison
Avenue, the Hamptons and in equities and until recently in bonds and
commodities."
- in Bloomberg : Click Here to watch The Full Interview >>>>>>
