Even if you Print a lot of Money, you can have Corrections in the Market

Friday, September 21, 2012

Even if you Print a lot of Money, you can have Corrections in the Market

Marc Faber : Even if you print a lot of money, you can have corrections in the market simply because they have discounted the money printing. I suspect that QE3 in the US and the purchases in one or the other form of peripheral bonds by the ECB. The agents have already discounted and that is why the markets have rebounded so strongly. - in Money Control

Dr. Marc Faber Tomorrow's Gold

Dr Marc Faber was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude. Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, which acts as an investment advisor and fund manager.