Faber: 'We are in a massive speculative bubble'CNBC
Dec. 04, 2013
Justin's Multicultural Dream Dies: Mocked By Indians For His 'Fake' Outfits, JT Changes Back Into A Suit
'You're A Murderer!': NRA's Dana Loesch Accused Of Being A Murderer Repeatedly During CNN Town Hall
Loesch Slams Sheriff Israel For Hiding His Deputy's Inaction From Town Hall: You 'Said NOTHING'
'DIE CRACKER': Thugs Terrorize 12yo Philly Honors Student For Being White
'Dark-Skinned' Cheddar Man Was Just A Wild Guess
Leave it to uber-bear Marc Faber to bring bad news on Black Friday.
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.