Here is Dr. Marc Faber's interview at the Bloomberg...
Some quotes:
"Best is to have foreign currencies and commodities but also equities that protect you to some extent as they adjust upwards as the currency goes down."
"The fiscal position of the US is a complete disaster. Eventually in ten years time, in my opinion, about 50% of tax revenues will be used to just cover the interest payments on the government debt and that is unsustainable. Then you really are forced to print money"
"Stocks don`t have a big downside risk because of the Bernanke put. As soon as the S&P drops towards 900 or 800 Bernanke will print money again, he is a money printer, he is nothing else. But he does that well - he prints well; you have to give him a medal for that..."
Basically Dr. Marc Faber's perspectives epitomizes much of what the Austrian School of Economics have been saying.
Some quotes:
"Best is to have foreign currencies and commodities but also equities that protect you to some extent as they adjust upwards as the currency goes down."
"The fiscal position of the US is a complete disaster. Eventually in ten years time, in my opinion, about 50% of tax revenues will be used to just cover the interest payments on the government debt and that is unsustainable. Then you really are forced to print money"
"Stocks don`t have a big downside risk because of the Bernanke put. As soon as the S&P drops towards 900 or 800 Bernanke will print money again, he is a money printer, he is nothing else. But he does that well - he prints well; you have to give him a medal for that..."
Basically Dr. Marc Faber's perspectives epitomizes much of what the Austrian School of Economics have been saying.
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