Faber says that the markets have reached record levels can rise even before the bubble burst , if you continue the program of the Federal Reserve massive bond purchases , as well as ultra-low interest rates.
"The market may rise by 20 % before the crash. Maybe more if you continue printing money, "said Faber.
He cautions investors that may see disappointing stock returns over the long term.
"Agricultural land has appreciated ten times in the last 10 years, and Bitcoin are up and who knows what are the limits," says Faber.
In recent interviews he predicted that European stocks will perform better than those of the U.S. and emerging markets.
Faber also believes that the credit boom in China puts the world in a worse situation than before the global financial crisis in 2008.
"Agricultural land has appreciated ten times in the last 10 years, and Bitcoin are up and who knows what are the limits," says Faber.
In recent interviews he predicted that European stocks will perform better than those of the U.S. and emerging markets.
Faber also believes that the credit boom in China puts the world in a worse situation than before the global financial crisis in 2008.
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.
