Marc Faber –The Correction I Predicted Hasn’t Happened…

“Markets are significantly overvalued and we are not seeing the economic growth story being supported in the commodities market.” “There are some people now calling for DHIA 18,000 or 20,000 by year end.” “The S&P could then easily drop by 40%. The market needed the correction starting in February or March, it did not correct, pull back, just dipped and buyers bought the dips into record territory.” “I thought maybe we were in a year like 1987, where the market goes up strongly between 1 Jan and 25 Aug. 25. The market went up by 40% and then it crashed by 40% in 2 months.” - Dr. Faber said in a recent TV interview.

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

huge wealth and income inequality

Marc Faber : “As a result of the Federal Reserve’s monetary policy,” Marc explained, “huge wealth and income inequality [was created]…You have 1% of the people in a system that benefited incredibly from rising asset prices…[and] a lot of people are dissatisfied. They have the same vote as the 1%, except they are the 99%…so to them, it will be very acceptable to take money away from the 1%…In the end something [big] will happen…what I would really hate is if one day the government comes and says, ‘Okay, we’re going to take 50% of your money and give it to social programs…I think that is a real threat.” - in bullmarketthinking

 Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Marc Faber ~ The Next Danger Level is Default

Global Recession Is Coming Marc Faber

Marc Faber appears on CNBC and says that Euro Bonds are coming. He discusses how the United States and Europe have many problems to work through.

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.