Sunday, November 17, 2013

The Fed has boxed itself into a Position where there is no Exit Strategy

 “We had a credit crisis in 2008 because we had too much credit in the economy,” Dr. Marc Faber told recently CNBC Asia  “There is that much more credit as a percent of the economy now.” He added that today the world is in a worse situation than it was five or six years ago.Faber concluded: “It will end badly and the question is whether we will have a minor economic crisis and then huge money printing or get into an inflationary spiral first.”“The Fed has boxed itself into a position where there is no exit strategy.”

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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