Marc Faber's words of wisdom

marc faber

Marc Faber has a go at the Fed and Ben Bernanke. Though he is not terribly optimistic of the Indian markets either.

That in general leads to lower asset prices although the Fed is doing its best to essentially create money, to print money which is the cause of the problem in the first place.

But the Fed is out of its mind, they try to solve the problems with money which created the problems in the first place. I think the private sector is essentially tightening lending standards and reducing risk appetite and that leads to essentially lower markets.

If you have a money printer like Mr Bernanke at the Fed, who really doesn’t understand anything about economics, who essentially just prints money whenever there is a problem, of course that lowers the value of paper money against say money that can’t be multiplied as easily.

Full article here.