November 13, 2012

Marc Faber thoughts

"The market on [Obama's] re-election should be down at least 50%," Marc Faber told Bloomberg news last week…

"I think Mr. Obama is a disaster for business and a disaster for the United States," he continued. "Not that Mr. Romney would be much better… You also have in the background Mr. Bernanke, who with artificially low interest rates enables the debt to essentially escalate endlessly."

Faber – a legendary contrarian investor – sees a future of endlessly rising government debts in America, paid for by money printing from the Fed. The end result, he says, is inevitable: inflation.

In 2002, he wrote a book called Tomorrow's Gold. He included an important table in that book, which showed the performance of different asset classes during the period of massive inflation from the mid-1970s to the mid-1980s. Take a look…

Source: Daily Wealth

Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.