Sunday, April 9, 2017

Marc Faber: Central Bankers Desperate to Keep Colossal Global Debt Bubble Inflated

 Jason Burack of Wall St for Main St interviewed returning guest, Editor & Publisher of the Gloom Boom & Doom Report, Dr. Marc Faber.

During this 25+ minute interview, Jason asks Marc if he thinks the Federal Reserve will increase interest rates 2-3 times more in 2017? Marc thinks the Fed will only raise rates once more in 2017 before the next global financial crisis. He thinks the Federal Reserve will reverse course, start lowering interest rates again and do a large QE program.

Marc thinks global central bankers are routinely coordinating monetary and interest rate policy as well as exchange rates with each other to prevent a "colossal debt bubble" from bursting.

Jason and Marc also discuss whether the Fed can hurt Trump's spending programs. Marc thinks Trump will need the Fed's help to fund his spending programs.

Jason and Marc also discuss current stock market valuations compared to past stock market crashes, whether China will need to devalue the RMB another 20-30% like Kyle Bass predicts, whether bonds are now in a bear market, how people should be diversified, and how President Trump will pay for all of his spending programs.

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.

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