Marc Faber Expects QE3 From Fed 'But Not Right Away'

Video - Marc Faber on Bloomberg - March 30, 2011

Marc Faber, publisher of the Gloom, Boom & Doom report, talks about the outlook for a third round of quantitative easing from the Federal Reserve, his investment strategy and the outlook for global stock and commodity markets.

00:00 Printing money is "big error" by governments.
02:00 Fed's quantitative easing; economic recovery
04:27 Correlation between equities and commodities
06:17 Emerging markets growth, Mexico's economy  
10:14 Need for U.S. to "sacrifice"
12:04 "A market is designed to go up and down."
12:47 Investment strategy; Fed policy; gold prices



Comments

[DailyBail]

(Reuters) - Shares in Bank of Ireland (BKIR.I) and Allied Irish Banks (ALBK.I) will be suspended from trading on Thursday on the Irish stock exchange ahead of the publication of crunch stress tests.

http://www.reuters.com/article/2011/03/30/ireland-banks-shares-idUSWLA682320110330

[DailyBail]

Irish Stress Tests May Leave Government in Control of All Country's Banks

http://www.bloomberg.com/news/2011-03-29/irish-stress-tests-may-leave-government-in-control-of-all-country-s-banks.html

[DailyBail]

Rajaratnam Taped Talking About Source on Goldman Sachs Board

http://www.bloomberg.com/news/2011-03-30/galleon-s-rajaratnam-taped-talking-about-source-on-goldman-sachs-board.html

[DailyBail]

Japan Radiation Found in Milk Sample; U.S. Steps Up Monitoring

http://www.bloomberg.com/news/2011-03-30/u-s-epa-finds-some-radiation-in-milk-will-step-up-monitoring-nationwide.html

[DailyBail]

US Military Dictatorship as the Economy Goes Off a Cliff

http://www.youtube.com/watch?v=YAQ-IWtqzoM&feature=player_embedded#at=68

[Jay C. Davis]

Hey DB, I thought this would interest you... the new "get out of jail free" card for banking malfeasance is "deferred prosecution" which worked for Wachovia/Wells Fargo. Wired deposits don't stink like "real" drug money, how could they tell?
http://www.guardian.co.uk/world/2011/apr/03/us-bank-mexico-drug-gangs

Also, interestingly, the deferred prosecution deals are supposed to be immediately revoked on a second offense, at last that's the way they work for humans.

[DailyBail]

great link...thanks jay...

[Frankie the Squealer]

Truth Bombs hurt.