When I travel
and look around economies, I don’t see the global economy strengthening,
I see it weakening. In Asia, we don’t have a recession per se, it is
just economic growth has slowed down meaningfully or there is no growth
at all .
We are now in the fifth year of an economic recovery which began
in June 2009 in the U.S. and we’re more than in the fifth year of a bull
market that began on March 6, 2009. This is a very mature economic
recovery...it would seem to me that the monetary policies that central
banks pursue are negative for economic growth, but they are positive for
asset price increases. As a result of asset price increases, lots of
goods have become unaffordable for the typical household.
Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
