When you print money everything goes up at different times, different asset classes," Faber said in a live interview. I think that stocks may still continue to go up, and I would rather own equities than government bonds for the next 10 years.
Printing money is the way global governments will evade debt crises such as the one that is gripping Europe now, he said.
The injections of new money supply also are harming the global economy and causing bubbles, one of which is in Chinese real estate, he added.
"If the Chinese bubble bursts one day, which inevitably will happen — maybe not tomorrow, maybe in three months, maybe in three years — when it happens it will have devastating consequences for the global economy," he said.
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Marc Faber is a famous contrarian investor and the publisher of the Gloom Boom & Doom Report newsletter.
Printing money is the way global governments will evade debt crises such as the one that is gripping Europe now, he said.
The injections of new money supply also are harming the global economy and causing bubbles, one of which is in Chinese real estate, he added.
"If the Chinese bubble bursts one day, which inevitably will happen — maybe not tomorrow, maybe in three months, maybe in three years — when it happens it will have devastating consequences for the global economy," he said.
Marc Faber is a famous contrarian investor and the publisher of the Gloom Boom & Doom Report newsletter.