Thursday, October 15, 2015
Marc Faber Warns of Hyperinflation
Most analysts assume inflation is low because they watch government statistics that track prices across the economy. But Marc Faber is no ordinary analyst.
Over the last several years, he vehemently opposed quantitative easing programs from the Federal Reserve which Wall Street officials welcomed with open arms.
The Fed’s easy money policies were reactions to the stock market crash, a crisis management technique to stop asset prices from collapsing. Low interest rates were a central feature of the plan.
Making it easier to borrow money was supposed to boost spending, but Faber argues it caused near-irreparable damage. He was typically contrarian when asked whether the Fed missed its chance to raise interest rates.
“They should have raised the rates, in my view, in 2011 already, or never lowered them to such a low level,” said Faber. “Now the problem is the global economy is slowing down […] it would be very difficult to raise interest rates at the present time.” -- read more @ http://www.profitconfidential.com/stock-market/marc-faber-stock-market-bubble-is-out-of-control
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.
Dr. Marc Faber Tomorrow's Gold
Dr. Marc Faber author of the Gloom, Boom and Doom report is a world class Investor, Doctor Faber 's typically controversial and contrarian views have earned him the label of Dr. Doom. Doctor Doom also trades currencies and commodity futures like Gold Natural Gas and Crude Oil.Even his harshest critics must admit that he's been unerringly correct in his market forecasts over the past three decades . Marc Faber is a Swiss investor.He was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude. Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, which acts as an investment advisor and fund manager. Faber is publisher of the Gloom Boom & Doom Report newsletter and is the director of Marc Faber Ltd which acts as an investment advisor and fund manager.