Monday, September 23, 2013
Near Zero Interest Rates Harm Exporters
MARC FABER : If you are a relatively small country within the global economy. you are held hostage to US monetary policy. If the Fed has zero interest rates, it means depositors get practically zero interest rates. If the Thai central bank (or any other) would increase interest rates (conscious of speculation in real estate and stocks for instance) to cool down the speculation... but if they do that, the foreigners will pile in to the Thai Baht because they get maybe 4%; the Baht soars in value... which is not a bad thing in and of itself - but the Thai businessmen will cry "we cannot export"
- in a recent interview with the Business Talk. Thai Nation Channel TV : Click here to watch The Full Interview >>>>>>
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.