“We are in a gigantic asset bubble around the world with prices of real estate having risen a lot,” he said. “The high end is at record highs. In the Hamptons, in Mayfair, London, Hong Kong, Singapore, and we have a high inflation overseas, so I think that one day this asset inflation will lead to deflationary collapse one way or the other.”
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QE was about getting the Stock Markets going
Marc Faber : “If you think that high end will never lose anything …,” he said. “This is all the result of quantitative easing. The Fed wanted to get the stock markets going. That’s what QE-1, 2, and 3 are all about. Move people out the risk curve, and so far it’s worked.”
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The World is in Gigantic Asset Bubble
Marc Faber, The Gloom, Boom & Doom Report, shares his views on how inflation has impacted global wealth.
“We are in a gigantic asset bubble around the world with prices of real estate having risen a lot,” he said. “The high end is at record highs. In the Hamptons, in Mayfair, London, Hong Kong, Singapore, and we have a high inflation overseas, so I think that one day this asset inflation will lead to deflationary collapse one way or the other.
