Saturday, April 23, 2011

Marc Faber on Negative Interest Rates

Dr. Marc Faber would vote for negative interest rates if it were possible."It means that the Fed will keep interest rates below the rate of cost of living increases essentially for as far as the eye can see. In that environment obviously cash and bonds are dangerous. They have to move into asset classes like equities, commodities, real estate, art and collectibles — anything that essentially cannot be multiplied at the same rate as paper money that is a subject to the printing presses of Mr Bernanke," he said in a recent interview with the Indian channel CNBC TV18

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