Author and publisher of the Gloom, Boom & Doom Report, was recently interviewed by Bloomberg on Fed. Chairman Ben Bernanke's decision to do another round of quantitative easing. This round is estimated to be at 600 Billion. In the interview, Dr. Faber states that anything less than $1 trillion From Bernanke could disappoint investors and might prompt a correction in U.S. stocks. Among the the few sectors he believes will do well are mining and agriculture.Marc Faber is currently recommending agriculture commodities, and the accumulation of precious metals although he does no roll out some correction before the end of the year before the prices shoot up in 2011.
Other highlights:
Other highlights:
- Investors already factored in quantitative easing round no.2
- Faber expects more weakness in the dollar and is bullish on gold, silver and industrial commodities
- Faber also expects a short correction but then expects a boom in stocks and commodities (by Christmas)
- Finally, he is negative on cash and bonds but is reasonably positive on equities due to inflation
