Marc Faber of the Gloom Boom and Doom report believes there will be a QE3, and discusses how to position oneself for that.
Highlights:
The news follows events. In other words, the downgrades were already discounted by the bond markets in Europe. So when the news came out, it had no impact. Actually, the markets were kind of relieved.
Eventually, you want to be positioned more in equities than in bonds. And you want to own some precious metals as well.
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