I don’t think they will come to their senses for the simple reason that
insane people don’t realize that they are insane. They think they’re
doing a great job. I talk to these people from time to time, and I know
some of them. If you have a serious discussion with them, they lean
towards the view, “Had we not implemented the QE programs, we would be
in the greatest depression ever, so we’ve done a fantastic job.” The
view is also, “If anything, we need to do more, not less.”
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.