Marc Faber : Australian equities are not "terribly expensive"

Marc Faber : "Relative to the US, Australian assets are probably reasonably priced. It doesn't mean they are cheap,"

"We live in an unprecedented period of asset bubbles. Everything is expensive relative to GDP and relative to peoples' income. In the 1970s everyone had high income and asset prices were depressed; today it's the opposite, asset prices are in the sky."











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.