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."
- Equities. The Fed will continue to print money, according to Faber, resulting in higher stock prices in a bad economy.