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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Dr. Marc Faber author of the Gloom, Boom and Doom report is a world class Investor, Doctor Faber 's typically controversial and contrarian views have earned him the label of Dr. Doom. Doctor Doom also trades currencies and commodity futures like Gold Natural Gas and Crude Oil.Even his harshest critics must admit that he's been unerringly correct in his market forecasts over the past three decades . Marc Faber is a Swiss investor.He was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude. Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, which acts as an investment advisor and fund manager. Faber is publisher of the Gloom Boom & Doom Report newsletter and is the director of Marc Faber Ltd which acts as an investment advisor and fund manager.