Tuesday, October 22, 2013

A 1 Trillion a Month QE Coming soon

"The question is not tapering. The question is at what point will they increase the asset purchases to say USD 150 [billion], USD 200 [billion], a trillion dollars a month," Faber said in a "Squawk Box" interview.

"The Fed has boxed itself into a position where there is no exit strategy." The continuation of Fed bond-buying has helped support stocks, and the Dow Jones Industrial Average and S&P 500 Index are coming off two straight weeks of gains, highlighted by record highs for the S&P. While there may be little inflation in the US, Faber said there's been incredible asset inflation. "We are the bubble. We have a colossal asset bubble in the world [and] a leverage or a debt bubble." . "One day this asset inflation will lead to a deflationary collapse one way or the other. We don't know yet what will cause it," he said. - via Moneycontrol : Click here to watch the full interview with the squawk box >>>>

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

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