Marc Faber, “I am 100 percent sure that the U.S. will go into hyperinflation”
Marc Faber recently said the U. S. inflation rate would approach the levels seen in Zimbabwe because of a reluctance by the Fed to increase interest rates.
CXO Advisory rates Faber’s track record on forecasting the performance of U.S. equities over the past few years as somewhat above average. CXO rates the confidence in their conclusion as moderate.
Sources:
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=avgZDYM6mTFA
http://www.cxoadvisory.com/gurus/Faber/
***
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