“One day this whole credit bubble will be deflated very badly – you are going to experience a complete implosion of all asset prices and the credit system…”
Marc Faber was in fine form at the CLSA Investor Forum, dispensing his trademark gloom and doom. The final keynote was a tour de force of the history of debt, asset bubbles and financial markets in the 20th and 21st centuries.
“Unlike the ’50s and ’70s when there was relatively less overall debt, a financial market crash did not inflict great damage on the economy.
Debt levels are significantly higher these days, and so a market crash can inflict serious damage on economies.
We’ve gone through a period of huge asset inflation, in stocks, bonds, commodities, and real estate, and we essentially now have in the world, a huge asset bubble.
So everything is grossly inflated.”
- This is How Marc Faber Prepares for when The SHTF (silveristhenew.com)
- The end game will be a collapse in the currency: Faber (marketsanity.com)
- Marc Faber: “I always buy gold and I own gold. I don’t even value it” (valuewalk.com)
- Marc Faber: “Fed’s Neo-Keynesian Clowns… Are Holding The World Hostage” (zerohedge.com)