“It’s not a very good time to buy stocks,” Faber warned, arguing that stocks are not at the beginning of a bull market as many analysts have predicted on “Squawk Box” over the past few weeks.
Meanwhile, Faber said he’s worried about the possibility of another financial crisis, which he thinks, could be worse than the one that crushed world markets in 2008. “The next crisis could lead to a deflationary bust. And a bust in governments. In other words, we may have a total collapse in confidence in the system.”
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