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.

Market forces will one day crush the Federal Reserve. One day, the market forces will reverse.

If you really believe that every three years the market will double, then go and buy shares. I don't believe that.

Marc Faber Quotes