Faber foresees a 40 percent Stock Market Correction

I think stocks are, by and large, fully priced. I think the experience with quantitative easing is a complete failure. It has lifted asset prices and created asset inflation, but it hasn't lifted the standard of living of most people in the U.S. nor worldwide.

I think the market is way overdue for a 20 to 30 percent correction. But that is "nothing that worries me. I'm hoping for the market to drop 40 percent so stocks will again become—from a value point of view—attractive.

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

Crony Capitalism and Corruptions

"The larger the government becomes, the less economic growth you have and the more crony capitalism and corruptions you have, because big corporations, and especially the money printers, they're the most powerful people in the world."

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