Marc Faber is the editor and publisher of the Gloom, Boom and Doom Report and the director of Marc Faber Limited, an investment advisor and fund manager. Faber, a 77 year old Swiss investor based in Thailand, has given his outlook on gold, real estate and the stock market amidst the increasing macro and economic uncertainties in the United States and the overall global economy. According to Faber, real household inflation is still well above 6 percent, regardless of the official figure presented by the Bureau of Labor Statistics and the Federal Reserve.
The Swiss investor explains that the Federal Reserve will keep raising rates to pay for the mistakes of the past two decades. Not only did they keep rates at an unrealistically low level, but they also manufactured hundreds of billions out of thin air to prop up the markets. Now, regional banks are failing, and inflation is still not under control. Faber says it’s only a matter of time before the Fed has to return to the printers and save the economy by weakening it further.
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3 Comments
I'd like the prices to come down for a short while, so I can buy more, then let it go wild !!!!
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Appreciate the video