Bloombert TV: Faber: We Are in a Gigantic Financial Asset Bubble
This should come as no surprise to my readers. I tend to agree with Marc Faber’s point of view on this. The question is, when will the bubble pop?
Fortunately or unfortunately, depending on your point of view, the bubble will not pop in a dramatic fashion some bears expect or anticipate. While the fundamental bearish stance is right on the money, based on my mathematical and timing work, the markets will not collapse. The market will decline to the tune of 40% over the next 3 years, but it will be a gradual (although at times volatile) process.
Now, it baffles my mind why most people don’t see this massive financial asset bubble. I am not entirely certain if it has anything to do with the financial media propaganda machine or simple human psychology. Perhaps a combination of both. Either way, if you don’t see the financial bubble in question I suggest you open your eyes and educate yourself. It will save you a lot of money.
Yet, do not wait too long. The bear market is about to start. Get yourself ready.
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Marc Faber Confirms, We Are In A Gigantic Financial Asset Bubble