Stimulus Money does not flow into Economic Activity it flows into Asset Prices

Thursday, September 27, 2012

Stimulus Money does not flow into Economic Activity it flows into Asset Prices

Marc Faber : there is not much global growth at the present time that's the problem , because money does not flow into economic activity it flows into asset prices , into speculation and yes we have diverging move between equities and other asset prices and economic activity with economic activity worldwide being depressed - in FNN Australia
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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.