American - Businessman | February 28, 1946 -
I don't think Canada is very inexpensive anymore. I travel there all the time; it's rather on the expensive side. I think there's significant risk to the Canadian economy.
Marc Faber
TimeTravelThinkCanadaEconomy
In the 40 years I've been working as an economist and investor, I have never seen such a disconnect between the asset market and the economic reality... Asset markets are in the sky, and the economy of the ordinary people is in the dumps, where their real incomes adjusted for inflation are going down and asset markets are going up.
SkyPeopleRealityDownNeverReal
If you really believe that every three years the market will double, then go and buy shares. I don't believe that.
BelieveYouGoThreeWillDouble
Market forces will one day crush the Federal Reserve. One day, the market forces will reverse.
DayWillOne DayCrushMarket
The politicians are all useless individuals. Nobody is reducing the problems in the U.S. or Europe, just putting on a Band-Aid and postponing the problems endlessly.
ProblemsNobodyUselessEuropeJust
My view is that the U.S. market will eventually join the emerging markets on the downside because if you take a bearish view about emerging economies, you cannot be too optimistic about the U.S. because for many U.S. corporations, 50 percent or more of their profits come from emerging economies.
ViewYouWillMoreTakeMarket
I'm an economist. I'm not a political servant.
PoliticalServantEconomist
The positive aspect of my negative view is essentially that you shouldn't own cash and government bonds, but you should be in assets like real estate or equities or precious metals or in commodities.
PositiveGovernmentReal EstateView
There's no such thing as a favorite investment. But I think I tend to invest in Asia in promising countries, in equities, in real estate, and I own precious metals, obviously.
Real EstateThinkInvestmentReal
Credit expansion and money printing hasn't filtered much to ordinary people. It's boosted asset markets, real estate and stocks. So well-to-do-people have done very well.
MoneyPeopleReal EstateCreditDone
It was easy for the Democrats to attack the wealthy fat cats of Wall Street, the elite, and the privileged people - to portray them as a profiteer of the system, which to some extent, they are. Not because they wanted to, but because Mr. Bernanke enabled them to be profiteers.
CatsPeopleFatEasyWallStreet
I do know some of the world's richest people. In monetary terms, they all performed very well. In terms of a fulfilling life, I am less sure.
LifeI AmPeopleWorldKnowSure
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