Tuesday, October 16, 2012

There is inflation in the system but it’s not obvious

Marc Faber : “The costs of living have increased for most people and are higher than the official figures,”
“Some economists say that there is little consumer price inflation. But there is, because the money-printing has lifted asset prices like those for luxury property, art, equities or bonds. There is inflation in the system but it’s not obvious.” - in Emerging Markets interview

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