For the next six months maybe cash is the most attractive asset, predicts Marc Faber, The Gloom, Boom & Doom Report, citing Yellen as a “money printer,” which Faber says depreciates the U.S. dollar.
the most underappreciated asset is cash. nobody likes cash. cash for the next 10 years you earn precisely zero. ms. yellen is a money printer like all the others. and she will make sure that the dollar continues to depreciate in real terms. for the next six months is the most attractive. i don’t want to be in cash
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.