tome titled “The Most Important Thing in Investments is to Hear What is Not Discussed!” is so striking.
“I think investors should start to think what investments will go down the least when there is massive wealth destruction,” Faber says in the attached video clip from his office in Thailand. “I happen to believe that home prices in the south of the U.S., in Arizona, Georgia, Nevada and so fourth, are relatively inexpensive compared to other asset prices.”
It needs to be said that Faber is not calling the bottom in housing, nor is he touting homebuilder stocks (NYSEArca:XHB), as he had done in November, since he thinks their doubling since then, and recent declines, have moved them into a corrective phase.
See the full “Breakout” interview below: