Marc Faber Believes Many Assets Overvalued

By on June 10, 2008

Bloomberg reported today that Marc Faber believes that stocks, property and commodities are overvalued as an economic slowdown, inflation, and de-leveraging will curb earnings growth and erode the value of assets. Faber also mentioned that oil may have peaked and he favors the U. S. dollar versus the Euro. Faber also gave a favorable mention to gold as he has continued to over the past decade.

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