Marc Faber, "Possibility that all the Bailouts Fail"
Marc Faber in the latest edition of the Gloom, Boom & Doom Report writes, “We shouldn’t dismiss entirely the possibility that all the bailouts fail to revive credit growth and that a deflationary secondary depression is now under way.” “The sharp deceleration in credit growth, with rising default rates across the board, could suggest that debt liquidation is now occurring…[but] Ben [Bernanke of the US Fed] and Hank [Paulson of the Treasury] may replace private debt with government debt in order to bail out the system.”That such a bailout will diminish the purchasing power of the Dollar even more (it should be highly inflationary) is clear…”Under this scenario, renewed US Dollar weakness and strength in commodities – in particular, in gold – should reappear.”
Source:
http://goldnews.bullionvault.com/Gold_trading_range_volatility_090920084
***
Related Posts
-
Molson Coors AddedInvestors continue to pile into high-flying technology shares and...
- October 1, 2020
-
Global Gold Miners ETF Allocation IncreasedCash available was added to the SMA Portfolio's holding...
- August 10, 2020
-
-
Is the Retirement Crisis Really a Crisis?PBS Frontline recently presented a documentary called “The Retirement...
- April 25, 2013
-
Alarming Chart of the Stock Markets of 1987 and 2012-2013Several days ago I posted a chart showing the...
- May 22, 2013
-
Bill Ackman Thinks Diversification is for the Lazy
Bill Ackman made a speech at the Active/Passive Investor...
- March 4, 2010
