QE Only Helps The Rich People

QE helps rich people whose asset prices go up and whose net worth then increases but it doesn’t flow to the man on the street who is faced with higher costs of living with price rises. You just have a small economy that is booming but the majority of the economy is damaged by QE. - in CNBC


Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.