Thursday, June 18, 2015
Marc Faber : Asset Buying Will Continue
"Not only the U.S. Fed, (but) all the central banks are so deep in the mud that in my view they will continue to essentially buy assets," Faber said.
Faber was asked that if all the major central banks continue with another round of QE, would that push the equity markets up even higher. He replied, "Maybe, but not necessarily. One thing I want to tell you, when I look at the whole financial sector – the whole financial industry including myself and yourself and everybody – I feel like being on the Titanic."
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