The Federal Open Market Committee (FOMC) is holding meetings this week and it’s likely that the Federal Reserve will announce further tapering of its quantitative easing program, a monthly bond-buying program that is meant to stimulate the economy and the markets with artificially low interest rates that spur borrowing, lending and consumption. Marc Faber, a legendary contrarian investor and publisher of the Gloom, Boom & Doom Report, told CNBC on Tuesday that he isn’t too pleased with the Fed’s QE tapering because the United States central bank hones in on accommodative policies, like its zero interest rate policy (ZIRP) and its $4.3 … Continue reading American Households Are Going Down