Hello All!
I am away for the weekend but I wanted to post this excellent Marc Faber interview from CNBC today. This is a nice follow up from what I was discussing in yesterday's post.
Marc does a great job describing the risk of monetary inflation and its effects. Dr. Faber is predicting 10-20% annual inflation 5-10 years from now.
Happy Father's Day to the dads out there.
Enjoy!
2 comments:
Very good point he makes with healthcare. Healthcare costs are going up more and more as people live longer, get older. I definitely see inflation there aswell as in my petrol and heating bills. Food costs are still tame in western europe though.
FX
YEah.
I thought he made a great point on education as well.
An average private college in the US costs 30k plus a year. this is literally triple what it costs 19 years ago.
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