Synchronized Boom, Synchronized Bust

Bad U.S. monetary policy had global consequences.

By MARC FABER

Marc Faber

The world has gone from the greatest synchronized global economic boom in history to the first synchronized global bust since the Great Depression. How we got here is not a cautionary tale of free markets gone wild. Rather, it's the story of what can happen when governments ignore market signals and central bankers believe in endless booms.


in The Wall Street Journal