The FED Not Tapering !
Marc Faber : "My view was that they would taper by
about $10 billion to $15 billion, but I'm not surprised that they don't
do it for the simple reason that I think we are in QE unlimited.The
people at the Fed are professors, academics. They never worked a single
life in the business of ordinary people. And they don't understand that
if you print money, it benefits basically a handful of people maybe--not
even 5% of the population, 3% of the population. And when you look
today at the market action, ok, stocks are up 1%. Silver is up more than
6%, gold up more than 4%, copper 2.9%, crude oil 2.68%, and so forth.
Crude oil, gasoline are things people need, ordinary people buy
everyday. Thank you very much, the Fed boosts these items that people
need to go to their work, to heat their homes, and so forth and at the
same time, asset prices go up, but the majority of people do not own
stocks. Only 11% of Americans own directly shares."
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
