"Stocks including those in Asia could be under pressure for the rest of this year, falling perhaps as much as 20% as the U.S. dollar rallies amid resurgent fears of deflation fears, Faber was cited as saying by Bloomberg News in an interview Friday.
Longer term, though, he thinks high-quality stocks are one of the places for investors to take refuge from the affects of currency debasement and what he says is the inevitable inflation that will result from central bank's money printing."
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world. Dr. Doom also trades currencies and commodity futures like Gold and Oil.
