Thursday, August 6, 2015
Marc Faber – The Fed Has No Intention To Raise Rates
With the U.S. economic recovery being doubted by weaker economic data, and more and more market watchers expecting the Federal Reserve to make a move on rates at a later date, Kitco News speaks with Marc Faber, editor of the Gloom Boom & Doom Report, to find out what he has to say about it. “Given the dollar strength and that most recent economic statistics in the U.S. have been on the weak side, I don’t think the Fed has any intention whatsoever to increase rates,” he says, adding that if they do they will make sure that the increase would stay below the cost of living. “In other words, we would still have negative real interest rates,” he explains. Looking to gold, Faber says considering gold’s current price compared to the highs of 2011, he thinks this is a “reasonably good entry point.” Finally, Faber comments on Europe, which he says might outperform the U.S. economy this year. “Most of the European markets – I’m not saying all, I’d say Germany, France, Italy – they’re up something like 10% in dollar terms. I think 2015 will see a year where Europe outperforms the U.S. massively.” Tune in now for more from the editor and publisher of the popular Gloom Boom & Doom Report newsletter. Kitco News, April 7, 2015.
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