“Bank
deposits are not safe which used to be safe. Money in Treasury bills
is not 100 percent safe and there is inflation in the system and you
would hardly get any interest.
“Bonds
are not very safe anymore because eventually interest rates will go up
Equities in the U.S. are relatively expensive by any valuation matrix
you may use.
(The federal government is) “essentially wasting money left, right and
center: Republicans on the military and the Democrats on buying votes
with transfer payments and entitlements. The best you can hope for is
that you have diversified your portfolio of different assets and they
don’t all collapse at the same time.” - in a recent interview
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
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