“Central bankers are completely insane,” he said, speaking to The Australian Financial Review from Thailand. “These are people who are professors, academics who never worked a single day in their life in an ordinary job. Because money printing doesn’t help ordinary people . . . it helps asset prices.”
My sense is that central banks are unlikely to tighten because they’re in such deep shit already.
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.