Marc Faber: Fed, Global Central Banks Have Rigged 'Colossal Asset Bubble'

The Federal Reserve has inflated an asset bubble and that will plague the stock market "disappointing returns," warns Marc Faber, publisher of The Gloom, Boom & Doom Report.

"Say you're a young person and you're just starting to work. So take me in the 1970s. In the U.S., with 20 hours of work, I could buy the S&P 500. Now you need more than 90 hours of work to buy the S&P 500 if you're young, with a medium income," Faber told CNBC.   Read more