He is so mean, why can’t he just be happy? He seems wildly gloomy in this appearance.
Here is why he sees only doom for the next 10 years:
- He sees social unrest, massive inflation and credit market collapse in our future, all because of recent loose government monetary policies.
- He also mentions war as being quite likely part of this wealth destruction that is coming.
- Governments have postponed problems and in the long run made them worse.
- Faber sees one asset class that is somewhat depressed and likely to hold value — that is real estate in Georgia, Arizona and Florida.
- He would also suggest owning some gold and some equities (which should rise because of money printing).
- The debt contraction has been postponed, there is still a massive debt load to deal with.
Here is why he sees only doom for the next 10 years:
- He sees social unrest, massive inflation and credit market collapse in our future, all because of recent loose government monetary policies.
- He also mentions war as being quite likely part of this wealth destruction that is coming.
- Governments have postponed problems and in the long run made them worse.
- Faber sees one asset class that is somewhat depressed and likely to hold value — that is real estate in Georgia, Arizona and Florida.
- He would also suggest owning some gold and some equities (which should rise because of money printing).
- The debt contraction has been postponed, there is still a massive debt load to deal with.
