Marc Faber : “What we have since essentially March 2009, when the S&P 500 bottomed out at 666 is a colossal asset inflation. […] Art prices went up. Property prices went up.”
“I don’t believe that money printing and artificial low interest rates have actually helped much except for asset prices. But the concentration of assets is very limited. It’s not among the broad public. It’s among wealthy people like you, me and the financial people you just interviewed at the Milken Institute.”
“The Fed and other central banks have misjudged the global economy. The global economy is not accelerating as the other economies were expecting. It’s badly decelerating. In many countries, we’re already in recession.”
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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