Thursday, September 26, 2013
Marc Faber on The Next Fed Chairman, China & Gold
Marc Faber : "In 2009, she said if it were possible to take interest rates into negative territory, I would be voting for that. In other words: Negative interest rate is you have a deposit of USD 100,000 at the beginning of the year and you only get USD 95,000. Technically, it can be implemented but it is difficult. But it is easy to do negative interest rates in real terms."
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Posted by Biz TV