Friday, September 18, 2009
You can boost any kind of asset by printing money. What then happens, you can print money whether physically with a printing press or electronically, what you don't really control are the long term consequences of the money printing.
In other words, the money then flows into the system and it can go into commodities, or into equities, or it can go into art prices, it can go into wages or into consumption. And when we have large excess capacity and you have very high unemployment it doesn`t go into capital spending, into the construction of new factories, into the acquisition of equipment and machinery or R&D. It goes mostly into speculation" in Bloomberg, September 14
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world. Dr. Doom also trades currencies and commodity futures like Gold and Oil.
Friday, 18 September 2009
Marc Faber reveals where all the new gov't money is going
From (unauthorized) Marc Faber Blog:
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