Marc Faber : The World is in Gigantic Asset Bubble

"Marc Faber, The Gloom, Boom & Doom Report, shares his views on how inflation has impacted global wealth.

"We are in a gigantic asset bubble around the world with prices of real estate having risen a lot," he said. "The high end is at record highs. In the Hamptons, in Mayfair, London, Hong Kong, Singapore, and we have a high inflation overseas, so I think that one day this asset inflation will lead to deflationary collapse one way or the other."

at http://www.marcfabernews.com/2013/10/marc-faber-world-is-in-gigantic-asset.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MarcFaberBlog+%28MARC+FABER+BLOG%29#.Uma5_vl22m4