Thursday, February 16, 2012

Marc Faber : Markets live on bad news

Marc Faber : Governments around the world will print massively, which is why I agree to some extent with Joe Rosenberg's statement that markets live on bad news. The worse the news gets, the more the U.S. and the European Central Bank and China will print money. Then the average person's economy will go downhill but stocks and corporate profits will go uphill. When we talk about the economy, remember that the economy of Aspen and the economy of Detroit are two different things.And neither tells you much about the economy. - in Barron's 2012 Roundtable


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