Marc Faber & Jim Rickards: We Have A Bubble In Everything! Expect An Asset Freeze Or Bail-in In The Next Crisis
Investmentwatchblog.com
July 25th, 2014
Marc Faber: ‘We have a bubble in everything!’
Timothy Pollard, Penions & Investments, Released on 7/24/14
Marc Faber, publisher of the “Gloom, Doom and Boom” newsletter warned against lofty asset valuations, excessive debt and investor complacency as he discussed his views on the market at a CFA Institute financial analysts seminar in Chicago Thursday.
In light of central bank monetary easing around the world, Mr. Faber said, “we have a bubble in everything — from stocks to bonds, real estate, high-end real estate and even art.”
“I believe stocks are fully priced here,” he said, and “I’m of the view of Jeremy Grantham — that when you have low valuations, future returns are relatively high; when you have high valuations, future returns are relatively low.”
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