I've been a fan and follower of Marc Faber's for well over a decade, and this is simply one of the best presentations he has ever given.
Marc Faber is frequently referred to as Dr. Doom, but while he is very bearish on our Keynesian monetary philosophy, that doesn't preclude him from always looking for places to make money.
He believes that the Federal Reserve will never again have a tight monetary policy, they will print & print & print. They cannot afford a debt deflation in a credit addicted economy.
Interest rates may not stay at zero, but they will be below inflation, so you will always have a negative real return.
He stresses the need to have a very flexible asset allocation policy. As he puts it, "How is the world going to look in 3 - 5 years...we don't know, but we do know it is going to be a roller coaster ride."
Now, I don't agree with everything Marc presents, but I do believe in many of his central premises. Bubbles will emerge and pop, the timing is uncertain, but the need for vigilance is paramount.
While this video is over an hour long, it has had over 77,000 views and the average rating is 4.99 out of 5.
Please pour yourself a big cup of strong coffee, watch this, take notes, and share it.
Enjoy,
Be careful out there,
Chris Wiles
This article contains the current opinions of the author but not necessarily those of the Rockhaven Capital Management. The author’s opinions are subject to change without notice. This article is distributed for informational purposes only. Forecasts, estimates, and certain information contained herein are based upon proprietary research and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed.
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