Faber does not think the U.S. market is going to go up from here; rather, he sees significant downside risk.
He thinks the European crisis is going to impact corporate profits in the U.S. because 40% of corporate profits come from overseas.
Faber was asked why gold isn't performing better in such an "easy-money" world. His explanation is that the money does not flow evenly; he thinks a lot of that cash has gone into equities.
Faber's main concern is that the easy money world is setting us up for a global crisis from which there will be no asset class to hide in, including gold.
He thinks the European crisis is going to impact corporate profits in the U.S. because 40% of corporate profits come from overseas.
Faber was asked why gold isn't performing better in such an "easy-money" world. His explanation is that the money does not flow evenly; he thinks a lot of that cash has gone into equities.
Faber's main concern is that the easy money world is setting us up for a global crisis from which there will be no asset class to hide in, including gold.
