Thursday, October 24, 2013

Marc Faber: QE-4-EVA is here to stay

Three days after President Obama fired up the debt machine to borrow $300 billion America cannot afford, economist Mark Faber sat in on CNBC’s Squawkbox to provide an assessment of the economy, and the future asset bubble the U.S. will become in the aftermath of Congress’s vote for unlimited debt ceiling.  In his interview on Oct. 21, Faber announced that the Fed has cornered itself into a position where it has no possible exit strategy, and that QE-4-EVA is here to stay.

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