Tuesday, October 15, 2013

Faber : The Financial System may not heal

Financial system may not heal 

 Most of us people are optimists and we would like to believe in a better world and a better future for all. However sometimes we have to be realistic. Marc Faber gives a wake up call to us dreamers. He said in a recent interview.

"Well I think we have unprecedented government interventions with fiscal and monetary policies. For me it’s not really a question, it won’t work but miracles do happen, and maybe based on the bailouts and huge monetary inflation that the central bankers have created, maybe it is possible that the financial system heals and that the global economy resumes a, say, trend line growth such that we had in the 90’s and the early parts in 2000 and 2005. But I very much doubt that."

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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