Marc Faber Sees QE18, WWIII Ahead
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.
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
for JGBs (Japanese government bonds)
is very negative for the yen in the long run
- sees this
as a turning point for the yen
is a huge financial burden on a government that is already
think its healthy that the markets start to focus on something
else than what Mr. Bernanke is telling the press all the time.
then QE3 will come, QE4, QE5, QE6, QE7, whatever you want. The
money printer will continue to print, that Im sure.
- “Mr. Bernanke
doesn’t know much about the global economy, but he watches the
S&P every day.”
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Marc Faber [send him
mail] lives in Chiangmai, Thailand and is the author of Tomorrow's
Best of Marc Faber