Mark Faber

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Last quote by Mark Faber

We've had more than eight years of a bull market. The Nasdaq is being driven by very few stocks. Either people with money will be taxed heavily ... or we'll have a massive deflation in asset prices – I repeat: massive. Eventually the system will break.feedback
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Jun 24 2017 Bull market
We can learn a lot about a person if we know what types of things he or she talks about or comments on the most frequently. There are numerous topics with which Mark Faber is associated, including U.S. and China. Most recently, Mark Faber has been quoted saying: “We've had more than eight years of a bull market. The Nasdaq is being driven by very few stocks. Either people with money will be taxed heavily ... or we'll have a massive deflation in asset prices – I repeat: massive. Eventually the system will break.” in the article It’s going to end ‘extremely badly, ’ with stocks set to plummet 40% or more, warns Marc 'Dr. Doom' Faber.
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Mark Faber quotes

Feb 16 2017 - Mexico

When you see Mr. Trump lambasting the exporting countries of Asia, calling China – he hasn't declared it officially a currency manipulator 104281479 and so forth, what is the reaction of the leadership in Beijing. Everybody in Asia and around the world, including Mexico and the Europeans will say, the U.S. is no longer a reliable trading partner and no longer a reliable ally. We have to look after ourselves. So the Chinese are pushing essentially domestic-led growth.feedback

Jan 30 2017 - Protectionism

As we go into 2017, the consensus is that inflation will go up … And you want to be overweight U.S. stocks … but protectionism, I guarantee you, is not going to be good for the U.S.feedback

Jan 11 2017

I think that gold has performed fantastically well.feedback

Jan 11 2017

Mr. Trump is pro-business, so it's natural that the mood has improved among the small-businessman, corporations and investors. I think Mr. Trump will have a better economy, but that doesn't necessarily mean that asset prices will go up, because they are already grossly inflated. If someone wants to be in the market, and I always have part of my assets in equities, then I think other markets than the U.S. are more attractive.feedback

Jan 11 2017

Foreign markets will outperform the U.S., and if both go down then the U.S. will go down more. The only space I like in the U.S. is essentially gold shares, silver and platinum. You have great gold mining companies in the U.S.feedback

Dec 16 2016

We have to be very careful when we talk about investments. We have a lot of volatility coming toward us. I think that in general people are far too optimistic about the U.S. becoming again a great country. I doubt that one man alone can do it.feedback

Dec 16 2016 - Japan

If you want to be in equities, the U.S. market is now at the most expensive level compared to Europe, Japan and emerging economies it's ever been.feedback

Dec 16 2016 - Bull market

In March 2017, the U.S. bull market will be eight years old. By any standard, this is a very aging bull market. By June 2017, the economic recovery will be eight years old. By any standard, a recovery that is very mature.feedback

Dec 16 2016

Mr. Trump is not particularly keen on China. There may be some trade war escalation or trade restrictions with China, which in my view would rather be negative for the U.S. than for China.feedback

Dec 16 2016

China does not depend on the U.S. The U.S. is still its largest export destination as a country, but taken together, all the emerging markets are for China much more important.feedback

Dec 16 2016

We have a credit bubble in China, like, by the way, everywhere else in the world. It's just bigger in China and that, in my view, will have to be deflated.feedback

Nov 30 2016

I think that in 2017 my recommendation would be to overweight emerging economies, and I would also overweight Europe, partly because I think that the sentiment about the U.S. dollar is far too optimistic. I think the dollar is terribly overbought and overvalued, so I wouldn't get into the U.S. dollar at this time.feedback

Nov 09 2016

The obvious trade with a Trump victory is to own Russian and Kazakhstan assets – bonds and equities. That is the obvious trade for the simple reason that Mr. Trump has a more benign view of the world and respects the perspective of foreign leaders.feedback

Nov 09 2016 - Trans Pacific Partnership

But, many Asian countries were not all that much in favor of TPP to start with ... so I don't think that it's a negative.feedback

Nov 09 2016

Over the last 12 months, U.S. government's debt increased by 1.4 trillion dollars and will hit 20 trillion dollars very quickly… within a month or two.feedback

Oct 24 2016

This combination of infrastructure in emerging economies and infrastructure spending in the developed economies of the U.S. and Europe, in my opinion, will mean that inflation will actually surprise on the upside.feedback

Oct 24 2016

In the western world, they believe – I'm not saying it's the right belief – but the belief among economists and the neo-Keynesian and the interventionists is that monetary policy alone cannot lift the global economy out of its slow growth mode. So they have to go and build infrastructure and boost governments' fiscal deficits.feedback

Sep 22 2016

They are going to continue to print money and the Fed's balance sheet and the other central banks' balance sheets will continue to grow until the whole system collapses and then you and I in gold assets will be better off than in paper assets.feedback

Sep 22 2016

They were trying to mix all kinds of powders and chemicals to produce essentially gold. And they all failed.feedback

Sep 22 2016

It's possible that suddenly inflationary pressures will be there, that central banks should then act but they cannot because the system is so overleveraged.feedback

Sep 22 2016

This is a blatant expropriation of honest people's savings. And in that scenario I'd rather have gold than cash.feedback

Sep 22 2016

Pension funds, even in these beautiful years of returns, 2009 to today, they have become less funded, they have become more underfunded. With interest rates at zero and this low, their portion that's in bonds is never going to meet the expected returns of 7.5 percent. It's physically not possible.feedback

Aug 09 2016 - Toyota

What they produce can be produced by Mercedes, BMW, Toyota, Nissan. Anybody in the world can make it eventually, at much lower cost and probably much more efficiently.feedback

Aug 09 2016 - Tesla

I think Tesla is a company that is likely to go to zero eventually.feedback

Jun 24 2016

They were conducted or paid by the elite.feedback

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