Saturday, May 18, 2013
Marc Faber : Today the Uncertainty is much Higher than in the past
Marc Faber : I can say one thing that today the uncertainty is much higher than in the past. We continue to have central banks running the expansionary policies in terms of fiscal and monetary stimulation, which has led to the asset price inflation. This creates very high uncertainty because you do not know how much more money will be printed in the US. Uncertainty arises because of these reasons. The interventionists want to stimulate the economies by manipulating the markets, particularly interest rates. They are creating higher economic and financial volatility than in the past.
Posted by Biz TV