Marc Farber Says it Best
After meeting and listening to Marc Farber and his friends, I am beginning to wonder about the advisability of investing in the US at all... Compare US investing to the phenominal double digit rates of return in Russian and former "Eastern Block" real estate. Ouch! Check it out. According to Swiss investment guru Dr Marc Faber you should never buy a former boom asset class in an immediate correction. The next boom is almost always in another asset class and it can take many years for former glory to be restored, if it at all. If you really want to feel depressed in the face of recession, check out Marc's GloomBoomDoom Report.
Labels: GloomBoomDoom, Marc Farber, rates of return
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