Marc Faber was on CNBC this morning, peddling his standard doom
He had two good lines:
The first was that the #1 question investors should ask themselves is not ‘where can I make the most money’ but rather ‘where can I avoid losing the most money’?
He then predicted that the endgame of all this easing will be “massive wealth destruction” through some combination of hyperinflation, credit collapse, social unrest, and WAR!
Doom, boom, and gloom indeed.
For what it’s worth, he didn’t predict, exactly, when this is coming.
As for what investments he does like….
“In Georgia, in Arizona, in Florida their property values will not collapse much more and will stabilise, so I think to own some land and some property, not necessarily in the financial centres but in the secondary cities, these are desirable investments relatively speaking.”
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