QE18 and WWIII

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Marc Faber Sees QE18, WWIII Ahead

Gold Alert

     

Marc Faber provided his latest views on the markets and global economy this morning in light of the nuclear crisis in Japan.

In a CNBC interview, the editor of The Gloom, Boom & Doom report made a bevy of predictions – which included many more rounds of quantitative easing (up to QE18), and eventually World War III.

Highlights from his comments included:

  • the damage from the Japanese crisis will necessitate very heavy spending to rebuild infrastructure, and “that will be somewhat inflationary for the Japanese economy.”
  • may be beneficial for equities in Japan
  • negative for JGBs (Japanese government bonds)
  • situation is “very negative for the yen in the long run”
  • sees this as a “turning point for the yen”
  • crisis is a “huge financial burden on a government that is already indebted”
  • “I think it’s healthy that the markets start to focus on something else than what Mr. Bernanke is telling the press all the time.”
  • “And then QE3 will come, QE4, QE5, QE6, QE7, whatever you want. The money printer will continue to print, that I’m sure.”
  • u201CMr. Bernanke doesn't know much about the global economy, but he watches the S&P every day.u201D

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© 2011 Beacon Equity

Dr. Marc Faber [send him mail] lives in Chiangmai, Thailand and is the author of Tomorrow’s Gold.

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