Thursday, September 22, 2011

Bernanke decision to leave the Fed rate unchanged Best decision I have seen for a long time from a U.S. central banker

Marc Faber : “Best decision I have seen for a long time from a U.S. central banker. People say the stock market went down, but the dollar went up. We want to see a strong dollar, never mind the stock market.” - in Fox Business

Mr.Obama will do anything to get reelected

Marc Faber : Mr. Obama wants to get reelected. We are not talking about economics here. He will do anything to get the vote; to get votes, you have to hand out things.” - in Fox Business

With zero interest rate your insurance premiums will go up dramatically

Marc Faber : “The Greeks cannot pay, but lots of people in the U.S. can’t pay either; most banks worldwide are bankrupt. The world is cold. There is not a lot of inflationary pressure on consumer goods but energy prices are up, food prices are up. With zero interest rate, you know what will happen to your insurance premiums? They will go up dramatically.” - in Fox Business News

Marc Faber reacts to Operation Twist

Marc Faber Video Interview - Fox Business News 21 Sept 2011

Marc Faber : ..It is going to be huge but we do not know when because the Central Banks around the world they are going to print print and print , whereby I have to say that today the decision of Mr Bernanke not to expand the balance sheet is the best decision I have seen for a long time from a US central banker , and people say the stock market when down WOW ! I lost some money ! but the dollar went up we are international investors we want to see a strong dollar never mind the stock market ...

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