Friday, July 17, 2009

Dr. Doom says it’s not over…

Ultimate Crisis Is Still Coming: Marc Faber

We haven't seen the last of the crisis despite all talk about green shoots, and the surge in markets was caused by nothing more than the excess liquidity coming from central banks, Marc Faber, author of the Gloom, Boom and Doom Report, told CNBC Friday. "If you pump money into the system and you create large fiscal deficits, you create volatility," Faber said. "We've seen an intermediate low in March, we'll rally for a year or so or maybe 18 months… the ultimate crisis will happen much later, and the ultimate crisis would clean the system," he added.

Posted by hotfoot @ 01:25 PM (540 views)
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