Monday, April 2, 2012

Daily Briefing for Monday, April 2, 2012

"It's Not My Intention To Depress You, But I Think We Have To Think Realistically.....I Think You Should Be Nervous."

Marc Faber, aka Doctor Doom, spoke to CNBC's Squawk Box Crew this morning.  Predictably, he continues to forecast "massive wealth destruction" for the affluent.  His advice on investing these days?

  • Real estate, especially in the southern regions of the United States, notably in Arizona, Georgia and Florida.  These property values "will not collapse much more and will stabilize."
  • Gold. 
  • Equities.  The Fed will continue to print money, according to Faber, resulting in higher stock prices in a bad economy.
The tipping point for Faber?  He doesn't know what the trigger will be, but he feels confident we will have increasing inflation over the next few years, followed by a sharp drop in asset prices.

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