Marc Faber on Euro zone breakup and US and European equities

Marc Faber, publisher of the Gloom, Boom & Doom report, spoke with Bloomberg TV's Betty Liu. The overall gist of his commentary was that a euro zone breakup would be beneficial and that he believes European peripheral equities are oversold. But like me, he believes that market leadership in the US is narrowing and earnings growth has stalled. This does not support higher market valuations. If the Fed tries to push equity prices to far with QE3, it could end in a crash, Marc says. Take a look...


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