Marc Faber : The Jackson Hole Meeting did not produce anything that we investors did not know before

Marc Faber : Well, basically the Jackson Hole meeting did not produce anything that we investors did not know before. What was basically articulated by the Fed Chairman, Mr. Bernanke, was that if conditions warranted, there will be more QE3 and the conditions will eventually warrant more QEs and there will be QE3. The question is when will it happen and to what extent have equity markets and also property markets in the US already discounted QE3. - in ET Now Sept 3rd 2012