Faber got an extended segment on Bloomberg in the wee hours last night:
- Even Faber is using Facebook, but he won’t be buying the IPO because it doesn’t meet his criteria of undervaluation.
- He likes to buy assets that are out of favor, and noted he was recently in Arizona where you can buy a beautiful house for $150,000.
- Tidal wave of central bank created liquidity can help asset prices even if the economy is weak.
- All of this money printing has created one bubble after another. Tech bubble, real estate bubble, commodities bubble.
- He thinks this year will have a strong equity market through April but then weaken.
- Is putting his money on Obama for reelection because of lack of viable Republican candidates.
- Even Faber is using Facebook, but he won’t be buying the IPO because it doesn’t meet his criteria of undervaluation.
- He likes to buy assets that are out of favor, and noted he was recently in Arizona where you can buy a beautiful house for $150,000.
- Tidal wave of central bank created liquidity can help asset prices even if the economy is weak.
- All of this money printing has created one bubble after another. Tech bubble, real estate bubble, commodities bubble.
- He thinks this year will have a strong equity market through April but then weaken.
- Is putting his money on Obama for reelection because of lack of viable Republican candidates.
