"We are in a gigantic asset bubble around the world with prices of real
estate having risen a lot," he said. "The high end is at record highs.
In the Hamptons, in Mayfair, London, Hong Kong, Singapore, and we have a
high inflation overseas, so I think that one day this asset inflation
will lead to deflationary collapse one way or the other."- in CNBC : Click Here to watch the full interview >>>>>
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.