I think that the Fed is completely clueless. It is composed by a group
of academics. Most of them, or I would say 95 percent, have never worked
in a regular job in their lives. They all went to universities and then
they went to the Fed or other financial institutions. They have no clue
what makes an economy move.
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
