The low interest rates led to over allocation of capital

Marc Faber : The low interest rates led to over allocation of capital to the whole housing sector. The Federal Reserve did not realize the crisis until 2007, when the Fed started lowering rates. They also did not realize how widespread the problem was. - in Ira Sohn Conference

Marc Faber : ultra-low interest rates making it difficult to value assets in developed economies

Marc Faber :"U.S. and European interest rates are negative in real terms, the rate of inflation is significantly higher than what governments are saying," Marc Faber told Reuters yesterday 15 September 2010.
"You can see it when you pay for your insurance premiums, your groceries, your child's pre-kindergarten schooling in New York there has been a loss of pricing power for most people."
Via www.Reuters.com