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Dr Marc Faber on the current liquidity crisis in the world financial markets

Posted by Adrian on August 14, 2007

Dr Marc Faber is an objective, focused individual. A contrarian economist, who by his nature is able to absorb as much information regarding the financial markets as humanly possible. Process that information and make sound analysis, with some humour thrown in for good measure. He is also a long time critic of the Federal Reserve Bank of America (and current chairperson Ben Bernanke) and their inability to gauge the markets and their ability to lose control of the markets

Faber on the reserve banks flooding the markets with money and the credit boom: “commodities went up, real estate went up, stocks went up, art prices went up, even the prices of mistresses went up…”

Very good interview, to view go here

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