Marc Faber on the U.S. Dollar and the Stimulus

Oct. 27, 2009 4:00 PM ET7 Comments
Tim Iacono profile picture
Tim Iacono
51.81K Followers

Gloom, boom, and doomster Marc Faber made the rounds yesterday talking about the future of the U.S. dollar and the news wasn't good - something about its value going to zero, over time, in this talk with Ricky Cash at Bloomberg


He's still clearly in the "hyperinflation" camp, but not just yet because of the near-term oversold condition for the U.S. currency.

On Bernanke: "He's a money printer. He does that well."

At Reuters the topic of discussion is the U.S. economic stimulus program where the prognosis is not good either - something about government spending being inherently inefficient at getting an economy going again and ultimately leading to much higher levels of debt and then much higher interest rates.

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You have to wonder whether there's anyone in the Obama administration who pays any attention to this sort of commentary.

This article was written by

Tim Iacono profile picture
51.81K Followers
Tim Iacono is the founder of the investment website 'Iacono Research', a subscription service providing market commentary and investment advisory services specializing in natural resources. He also writes a financial blog known as 'The Mess That Greenspan Made', a sometimes irreverent look at the many and varied after-effects of the Greenspan term at the Federal Reserve. Use the links below to visit Tim's website/blog.

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