Marc Faber, founder and publisher of the Gloom, Boom & Doom Report, was on Bloomberg after the bell closed on Monday. Faber discussed the recent market sell-off and why he believes that the the central banks have created massive systemic risk. He went on to discuss why he believes there is no growth in China. Faber said that he would put money to work at far lower valuation. He makes its clear that the market is oversold and more companies are hitting new lows than companies hitting new highs.
Marc Faber On Bloomberg:
