Sunday, January 19, 2014

Marc Faber Warns "The Bubble Could Burst Any Day"; Prefers Physical Gold To Bitcoin | Zero Hedge

"The Fed's policies have actually led to a lot of problems around the world," Marc Faber begins his discussion with Bloomberg TV's Trish Regan, especially "people in the lower income groups [who] spend say 30% of their income on energy, transportation, and so forth, electricity and gasoline."

The Gloom, Boom & Doom Report author goes on to discuss everything from how the Fed is creating a two-class system around the world, the inexorable growth of governments, buying votes, Bitcoin, interest rates, wealth taxes, and overall market valuations.

"We are in a gigantic financial asset bubble," Faber explains, "everybody's bullish," but he sees a slowing global economy (as do we e.g. Baltic Dry Index);

"[The bubble] could burst any day. I think we are very stretched."

Faber is on fire...

Take 10 minutes and listen...

[or read the partial transcript]

http://www.zerohedge.com/news/2014-01-14/marc-faber-warns-bubble-could-burst-any-day-prefers-physical-gold-bitcoin

0 comments: