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Alex Garcia
Alex Garcia
Articles 

Marc Faber On The Fed and Money Printing

August 31, 2010

Author and publisher of the Gloom Boom and Doom (GBD) Report talked with Bloomberg over the phone to comment on last Friday's comments by Fed Chairman Ben Bernanke. Faber continues to criticize the monetary policies of central banks around the world of continues money printing and the devaluation of their currencies. Another issue in which Faber touches upon is the current bubble in the treasury market stating that the next 5 years could be a possible "disaster" for investors.

Marc Faber : as the economy does not recover much the central banks around the world will print money and nobody really wants to have a strong currency , what is more important to recognize is the impact on asset market ....I think last friday was an interesting day , first of all we had over the last ten days a lot of negative news and front page articles about that the market strategist expect the S&P to drop and so forth and that government bonds will continue to rally and on Friday we had a key reversal day where stocks close up strongly on the day after having been down in the morning and when bonds tumble , first to understand the market in my opinion will perceive easy move by central banks around the world as being inflationary ...."

About the author:

Alex Garcia
Alejandro Garcia, B.S. Business Admin-Option in Finance, is a private value investor who uses his blog to write about his experience with Joel Greenblatt's Magic Formula.

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