Tuesday, March 15, 2011

Marc Faber: Heavy Spending Coming in Japan, Inflation Rising, Yen To Weaken

Marc Faber was interviewed by CNBC today. He says there will be many more QEs does the road. He says these events are targic, but it was good that people will stop paying attention only to what Bernanke says.
All stock markets were due for a meaningful correction. Japan was the catalysts for a global correction.

He says it's a turning point for the Yen, the Yen will weaken. Reconstruction will cause inflationary consequences. Huge financial burden on Japan.

Nuclear metdown will only be know in 1 or 2 months.

Marc Faber is know for the Boom, Gloom and Doom report.

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