Wednesday, December 21, 2016
Marc Faber : The Dollar is already way too strong
Latha: More strength for the US dollar or is it already way too strong?
Marc Faber : It is too strong but currencies like markets they tend to overshoot in an environment where you have this much liquidity. So, fundamentally the US dollar is probably overvalued at this level already. It may overshoot further which may then cause a problem for the federal reserve because as they said they basically plan to have three interest rate increase in 2017. But if the dollar is too strong maybe they can't do it.
Read more at: http://www.moneycontrol.com/news/market-outlook/us-fed-not-expanding-asset-base-dollar-overvalued-marc-faber_8117901.html?utm_source=ref_article
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