Saturday, June 27, 2015
Marc Faber Warns of Massive Deflation in Asset Prices
“It’s not just the Fed that has fueled the bubble, it’s the other central banks… the ECB that has fueled the bubble mostly with sovereign debt and bailed out Greece repeatedly,”“Basically, we are six years into an economic recovery… there are huge distortions in the markets, where basically financial assets have been going up very substantially, and real wages for the typical household, or real household income, has been either flat or down. So it’s created huge market distortions, and I think eventually this will be resolved by a massive deflation in asset prices.”
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.
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Everyone has his own perception about gold trading. It is not necessary that it will suit everyone.
ReplyDeleteI just finished reading "Keynes' Way to Wealth"
ReplyDeleteIn 1928 John Maynard Keynes suffered massive losses playing commodities. That was a warning sign unheeded. Next year in 1929 on October 29th The Dow collapsed!
Today the fall of crude oil, vegetable oil, metals, milk and even gold is flashing warning signals about a coming collapse? Will Central Bankers keep up Money Printing relentless to counter the deflationary spiral? The market is definitely distorted!