Saturday, May 30, 2009

Longer Term Of Inflation - Marc Faber

Marc Faber says we will see hyper inflation and he doesn't think that the threat of inflation is going to be bearish for the stock. (Taking Stock)
"The U.S. economy will enter “hyperinflation” approaching the levels in Zimbabwe because the Federal Reserve will be reluctant to raise interest rates" investor Marc Faber said
"Prices may increase at rates “close to” Zimbabwe’s gains" Faber said
“I am 100 percent sure that the U.S. will go into hyperinflation,” Faber said. “The problem with government debt growing so much is that when the time will come and the Fed should increase interest rates, they will be very reluctant to do so and so inflation will start to accelerate.”

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