Thursday, September 13, 2012

Faber : QE3 and Buying by ECB has been discounted by the Market

Marc Faber : as long as you print money asset prices will go up and you will have negative interest rates so to hold cash is dangerous , bonds are relatively unattractive , so I think that stocks may still go up somewhat , I think that a lot of QE3 and off buying by the ECB of bonds in Europe has been discounted by the market , but if a big QE3 is announced then stocks could rally may be another three , four , five percent and then there will be disappointments so I think that sometimes in the next six months you can buy pretty much everything cheaper than right now ...
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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.