“I would not pay too much attention to what they say but to what the markets do and it seems to me that the people that predicted the Dow Jones at 1000 or S&P at 500 or 200 are misreading the facts that under a fiat monetary system you can print endless quantities of money and so stocks may adjust in real terms but not necessarily in nominal terms to the extent that the super bears are predicting.”
in www.dailymarkets.com
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
