"The market is way overdue for a 20 to 30% drop,"
Marc Faber warns, "but that is not what worries him." Sarcastically
reflecting on the typical talking-head that appears on financial media,
Faber adds you won't "hear this view from someone who is fully
invested," as he "hopes the market drops 40% so stocks will become - from a value point of view - attractive." The outspoken Faber channels Jim Grant as he exclaims, "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." (more)Please share this article
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