Marc Faber discusses what's going on in our economy and markets
Jason Hartman talks with Marc Faber, editor at Gloom, Boom, Doom, about what's going on in our economy with the massive asset inflation that's hit in the past few years. The two examine what central banks will have to do in order to deal with the looming shortages and what investments can buck that trend when it arises.
Key Takeaways:
[3:54] Asset inflation is making the rich richer and leaving the poor and middle class behind[10:01] Will millennials get bailed out by their inheritance from their Baby Boomer parents?[13:16] The 2 investments that will appreciate in a global downturn[15:08] 2 ways central banks can print money[19:40] Inflationary actions can kick the can down the road a long way, but there is one thing that can ruin the party
Dr. Marc Faber was born in Zurich, Switzerland and obtained a PhD in Economics at the University of Zurich. Between 1970 and 1978, Dr. Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In 1990, he set up his own business, Marc Faber Limited which acts as an investment advisor and fund manager. Dr. Faber publishes a widely read monthly investment newsletter, "The Gloom Boom & Doom Report," which highlights unusual investment opportunities, and is the author of several books including Tomorrow's Gold: Asia's age of discovery