Sep 30
The Federal Reserve Is Being Run by a Money Printer
Posted by Kristjan Velbri | Posted in Markets, Video | Posted on 30-09-2009
I have huge respect for Marc Faber. His analysis goes way beyond the mainstream pep talk. He knows what he is talking about. During this crisis, he’s been right on a consistent basis, he even called the bottom back in March. Even if you disagree with Mr. Faber and his views, it doesn’t hurt to hear the other side out. I don’t think Robert Prechter’s prediction of an impending deflation is correct, but I try to keep aware of what he and other deflationists think just to keep my brain cells from going on standby. This interview, which is divided into three parts due to commercial breaks is an absolute must view for inflationists and deflationists alike.
PS. Note how calm Mr. Faber stays during the interview. He is obviously not a sensationalist unlike some permabears who don’t understand the fact that markets can go up even if the economy tanks (cough, Mr. Roubini, cough).
Marc Faber’s Gloom Doom Boom homepage.
