Saturday, March 21, 2015
The FED Won't Increase Interest Rates in 2015
"In my view, the Fed will not increase interest rates this year," Marc Faber told CNBC in a recent interview .
"The economy simply is not taking off, so I don't see there will be an interest rate increase." Retail sales have dropped three months in a row, including 0.6 percent in February. Many analysts expect economic growth to slow this quarter from the fourth quarter's 2.2 percent pace.
"The policies of central banks have grossly distorted financial markets and misallocated capital, in my opinion."
"The Fed and other central banks would have to increase interest rates quite substantially to really knockoff stock markets."
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.
Posted by Nicole Bourbaki