Dr Marc Faber returns to the program to provide his latest macro outlook. Marc is a PhD in economics, author and long-time Editor & Publisher of the Gloom Boom Doom Report.
It’s quite pessimistic, as Marc sees the combination of ‘too much debt’, asset bubbles, a moribund global economy, and smoldering social unrest resulting from historic levels of wealth inequality serve as a pressure cooker that will break badly somewhere in the system.
Add in short-sighted (incompetent) political decision making & he sees a highly turbulent era ahead. One in which “a lot of people are going to lose a lot of money”
Stock, bond, real estate — all these markets are vulnerable and likely to drop much further from here in Marc’s estimation.