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

Posted By admin On August 5, 2011 @ 3:25 am In Money Watch | Comments Disabled

Zero Hedge [1]
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 [2]


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URLs in this post:

[1] Zero Hedge: http://www.zerohedge.com/news/marc-faber-next-week-we-will-see-if-bernanke-true-money-printer-or-just-amateur

[2] Image: http://www.prisonplanet.tv/

[3] Marc Faber Sees No Bubble in Gold Price Run Up: http://www.prisonplanet.com/marc-faber-sees-no-bubble-in-gold-price-run-up.html

[4] MARC FABER: ‘I Keep In My Toilet A Picture Of Mr. Bernanke’: http://www.prisonplanet.com/marc-faber-i-keep-in-my-toilet-a-picture-of-mr-bernanke.html

[5] MARC FABER: This Is Just The Beginning: http://www.prisonplanet.com/marc-faber-this-is-just-the-beginning.html

[6] Marc Faber Says World Heading for `Major Inflection Point’: http://www.prisonplanet.com/marc-faber-says-world-heading-for-major-inflection-point.html

[7] European Stocks Could Correct Up to 20%: Marc Faber: http://www.prisonplanet.com/european-stocks-could-correct-up-to-20-marc-faber.html

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