This gentleman has quite a reputation in calling doom scenarios. In fact, being the publisher of "The Gloom Boom & Doom Report", Dr Doom Marc Faber takes his nick name quite seriously. In a recent interview with Equitymaster, he had highlighted why investors should prepare for the worst. But this time, in an interview with CNBC he has actually gone to name several commodities that according to him are in bubble territory. Surprisingly, one of them is his favourite, 'farmlands'. Faber has earlier citied significant upside in the price of agricultural commodities in the long run. This was primarily based on demand -supply gap with falling size of farmlands. However in the latest interview, he pointe d out that prices of farmlands a re up 10 times in 10 years. Moreover, in addition to stocks and commodities, even assets like bitcoins that were unheard of until few years back are in bubble territory. Thus, Faber believes that until the Fed stops printing money, more and more assets will have irrational valuations.
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