Wednesday, April 18, 2012

The FED creates one distortion in the market to the next distortion to the next bubble

MARC FABER : If I increase the quantity of money there will be symptoms of inflation. The Central Bank does not know where these symptoms will occur so it creates one distortion in the market to the next distortion to the next bubble. And so you have booms and busts and much higher economic and financial volatility. - in abc.net.au

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