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Sunday, February 9, 2014
Emerging Markets Central Bankers Shouldn't blame Tapering for their Problems
Marc Faber : “It’s easy to blame someone else for ones problems, emerging markets central bankers are blaming now the Fed for the tapering… The Fed has brought about problem in emerging economies. But, it’s not the tapering. It’s the previous bubble they created because investors were chasing yield. They bought emerging market stocks, emerging market currencies, and bonds. They pushed up these asset prices to relatively high levels,” said Faber.
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.