Monday, November 15, 2010

Marc Faber : Excessive liquidity and dropping dollar bills onto the US created the problem

Marc Faber : Global Critics Actually Should Thank the Fed

"Excessive liquidity and dropping dollar bills onto the United States from helicopters like Mr. Ben Bernanke suggested—the problem with that is he doesn't know where the money will flow,""In this case, the excess liquidity flows into emerging economies and precious metals, and new bubbles are building up that at some point in the future will burst.

"Then you will have another problem on your hands the way you had a problem when the Nasdaq bubble burst and the housing bubble burst."Marc Faber author and editor of The Gloom, Boom & Doom Report told CNBC last week

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