Wednesday, September 5, 2012

Nothing We Didn't Know Before

Marc Faber on the big conclave at Jackson Hole
Marc Faber, legendary investor and author of his Gloom, Doom and Boom Report reports that nothing happened at the Jackson Hole meeting that we didn't know before. Bernanke basically articulated that more QE is coming. Faber says that nobody had anything favorable to say about Europe - a sentiment he's in agreement with and that all central banks will print money. Also, it's unlikely that US companies will be able to sustain the record profits that have shown previously.
Dr. Faber goes on to discuss global matters, as well as commodities, stocks, etc. in this interview with ET from Singapore (8:32).

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