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Marc Faber: Recent Rally is the Result of Excess Liquidity. The Worst is Still to Come!

  • Dr Doom gives his usual good advice and cut away all the Feds’ propaganda BS. The Next Bubble Can Be In Equities Marc Faber :
     
    “There is a bubble that the FED and the government are creating right now and this is a bubble in government debt, in the size of it. They are being very successful at that.
     
    Eventually the US Government will go bankrupt the way California is almost bankrupt, but that will take some time. The next bubble in my opinion can be a bubble again in equities.” Marc Faber told Bloomberg TV early this week.
     
    Marc Faber was also a speaker at The Agora Financial Investment Symposium in Vancouver and had an hour long interview with CNBC Asia here are some of the quotes from Marc Faber :
     
    “The world has not seen the end of the financial crisis and the recent surge in markets was a result of excess liquidity coming from central banks”, Marc Faber told CNBC in an interview.
     
    “If you pump money into the system and you create large fiscal deficits, you create volatility,” Faber, author of the Gloom, Boom and Doom Report, told CNBC in remarks reported on its website.
     
    “We’ve seen an intermediate low in March, we’ll rally for a year or so or maybe 18 months — the ultimate crisis will happen much later, and the ultimate crisis would clean the system,” he added.
     

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July 31, 2009 - Posted by | Economics | , , , , , , ,

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