Friday, April 8, 2011

Marc Faber, Fed's Negative Rates, Money Printing: Only at The Fed There is No Inflation Today

Marc Faber was on CNBC today. as usual, very astute comments.

The "master of the markets" explains the cycles of gloom, boom and doom.

Where are we now? He comments on the Fed's statements this week that they should set interest rates as negative, if they could.

On Rising rates, he says that absolute level of interest rates does not indicate whether there is tightening or not. Commodity prices going up, insurance prices going up, food prices going up, only at the fed there is no inflation.

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