"The Fed has been flooding the system with money. The problem is the money doesn’t flow into the system evenly. It doesn’t increase economic activity and asset prices in concert. Instead, it creates dangerous excesses in countries and asset classes. Money-printing fueled the colossal stock-market bubble of 1999-2000, when the Nasdaq more than doubled, becoming disconnected from economic reality. It fueled the housing bubble, which burst in 2008, and the commodities bubble. Now money is flowing into the high-end asset market – things like stocks, bonds, art, wine, jewelry, and luxury real estate".
Continued on:http://www.prisonplanet.com/marc-faber-people-with-financial-assets-are-all-doomed.html
Popular Posts
-
Le Beaujolais Nouveau est arrive! Or at least, the inaugural shipment of this year's batch touched down last week in Japan, the bigges...
-
Japan logged a record deficit of 4,989.2 billion yen in goods trade for the April-September first half of fiscal 2013, as a weaker yen and...
-
"China's factory sector grew only slightly in September as domestic demand faltered, a private survey showed, an unexpectedly wea...
-
A majority of listed firms that have released preliminary reports expect to perform better in 2013, the Shanghai Securities News reported ...
-
Greek consumer prices fell 0.7 percent in July, with the annual pace of deflation decelerating from a 1.1 percent fall in June, data from...
-
House prices in every region of England rose in September, according to official data published on Monday which reignited the debate about...
-
$30 million is being set aside by Singapore's entreprise development agency,Spring, to help the formation and growth of start-ups in e...
-
What’s the Best ETF for Playing an Oil Price Rebound? Addressing the problems of the investment on oil ETF'S
-
“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful” “Someone's sitting in the shade today because someone planted...
