Olduvaiblog: Musings on the coming collapse

Home » Collapse » Marc Faber Warns “We Have Reached The Endgame Of Monetary Policy” | Zero Hedge

Marc Faber Warns “We Have Reached The Endgame Of Monetary Policy” | Zero Hedge


Marc Faber Warns “We Have Reached The Endgame Of Monetary Policy” | Zero Hedge.

“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…”

Via South China Morning Post,

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.”

 


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Enter your email address to follow this blog and receive notifications of new posts by email.

Join 313 other followers

  • 66,388
September 2013
S M T W T F S
1234567
891011121314
15161718192021
22232425262728
2930  

Top Clicks

  • None

Archives