“If you look at rentals in London where you live or in New York or in other cities in the U.S., they have of course been going up much more than the CPI [consumer price index] would suggest,” he explains. “Even the day before yesterday, Donald Trump was interviewed. He said, Obamacare is a disaster because the premiums have gone up close to 50% for some people.”
“We have to define what inflation is,” Faber continues. “Inflation is basically the increase in the supply of money and credit. There are symptoms. You can have wage inflation. You can have commodity inflation.” — Marc Faber told CNBC, September 16, 2015
…more from Marc:
Marc Faber on Asia Turmoil – Marc discusses how a slowdown in Asia will affect global economies with Brian Sullivan.
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.