‘We Are In A Massive Speculative Bubble’
(Mark) ” Faber, editor and publisher of The Gloom, Boom & Doom Report, told CNBC on Friday he believes a “massive speculative bubble” has encroached on everything from stocks and bonds to bitcoin and farmland. He attributed the vast bubble to “symptoms of excess liquidity.”
Faber said the markets, which have reached record highs, could still rise before the bubble bursts, if stimulus programs such as the Federal Reserve’s massive monthly bond purchases and super-low interest rates continue.
” Now can the market go up another 20 percent before it tumbles?” Faber said on“Squawk Box”. “Yeah, it can go up even more, if you print money.”
We are no finance wiz’s but it should be obvious to anyone with common sense , Joe Biden take note , that we cannot spend or print our way out of debt .
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