Thursday, October 24, 2013

MARC FABER : QE is wind at the back of the Economy

 “The question is not tapering. The question is at what point will they increase the asset purchases to say $150-B, $200-B, or $1-T a month,” Mr. Faber said Monday in a TV interview.“Look, every government program that is introduced under urgency and as a temporary measure is always permanent,” Mr. Faber explained. “The Fed has boxed itself into a position where there is no exit strategy.”“The quantitative easing is wind at the back of the economy,” he said. “But when they unwind quantitative easing, which they will ultimately have to do, it will be a head wind in the face of the economy. And then it will not be so much fun.”

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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