Friday, March 1, 2013

Marc Faber on “How Will The Money Printing Experiment End?”

Marc Faber : “Well, that is a very good question. I wish I knew the answer precisely. I suppose what will happen at some point is that both the fiscal deficit question will have to be addressed, and that less money will have to be printed, which will then have a negative impact on asset markets…”
“Now will it just trigger a correction or a more serious bear market in asset prices? Who knows? Once this happens, since most of the economic activity was supported by the rise in asset markets, I suppose they will print more money, and again have larger deficits.”
“So we don’t know exactly when the end will come. It could be 1 year from now, 3, 5, 10 years from now, but obviously one day it will come to an end. The longer it’s not seriously addressed, and the way I look at Congress they are not going to undertake serious decisions any time soon, the longer it’s not addressed the more structural damage will be done to the economy, and to society.”
- Marc Faber, via a recent King World News interview


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