More Gloom from Dr. Doom: Marc Faber Predicts ‘Massive’ Asset Price Deflation (Videos)

Jon Economy

In April, Marc Faber called the US economy terminally sick and predicted a 20 to 40% crash in the stock market. In a recent interview on CNBC’s Trading Nations, ‘Dr. Doom’ reiterated that US stock markets are overvalued and that there will eventually be a ‘massive’ deflation in asset prices.
Ironically, Faber’s comments came the same day the NASDAQ set its latest intraday record high of 6,341.70. Faber points out that when you break it all down, only a few stocks are really driving the rise. In fact many of these stocks such as Facebook, Netflix, Google, and Apple weren’t even in the index in 2000. He reiterated this point during a Fox News interview.


This post was published at Schiffgold on JUNE 28, 2017.