Featured Stories World News Commentary Money Watch Multimedia Prison Planet U.S. News Science And Technology

Marc Faber: “Next Week We Will See If Bernanke Is A True Money Printer Or Just An Amateur”

  • Print The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

Zero Hedge
Aug 5, 2011

“The whole world is mad” – so says Marc Faber when beginning his latest observations of the markets in the attached Bloomberg TV interview.

“Stocks will be dropping 30%, then rallying 20%, and dropping another 30% -  that’s going to be the pattern. And whoever can’t live with that shouldn’t be buying equities at all.”

And while the publisher of the Gloom, Boom & Doom report, said “there is a case to be ultrabearish about everything, and markets are going to go lower” he notes that markets are “extremely oversold” and he expects a “snap-back” rally in the U.S. Standard & Poor’s 500 Index of about 40-50 points.

That said, Faber sees no new highs in 2011. He concludes that he can already smell QE3, and that the “next week will be important to see if Bernanke is a true money printer or an amateur, and if he is a true money printer he will start printing soon.” We are confident that gold can’t wait to find out the answer.

Marc Faber: Next Week We Will See If Bernanke Is A True Money Printer Or Just An Amateur  150709banner2

This article was posted: Friday, August 5, 2011 at 3:25 am





Infowars.com Videos:

Comment on this article

Comments are closed.

Watch the News

FEATURED VIDEOS
Al Sharpton: Mob Rat For The FBI See the rest on the Alex Jones YouTube channel.

Epic Fail: New Yorkers Disobey New Gun Laws See the rest on the Alex Jones YouTube channel.

© 2013 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.