Faber:
In the 40 years I’ve been working as an economist and investor, I have never seen such a disconnect between the asset market and the economic reality … Asset markets are in the sky and the economy of the ordinary people is in the dumps, where their real incomes adjusted for inflation are going down and asset markets are going up.
This is not my attempt to predict any sort of event or time table for an event but I do believe in awareness of the current environment and I think this quote articulates it well.