Posts
![[Most Recent Quotes from www.kitco.com]](http://kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)
![[Most Recent USD from www.kitco.com]](http://www.weblinks247.com/indexes/idx24_usd_en_2.gif)
Marc Faber on Bloomberg
Tuesday, April 28, 2009
The original Dr. Doom (preceding Roubini, Schiff, et al) talks about his good stock market call on March 6th and money printing by the Federal Reserve.
Favorite line: "Money printing lifts all boats, some more than others."
2 comments:
I fail to see how money printing lifts the boat of a retired couple living on social security and a couple hundred grand of savings that is earning 1.5% when it will raise the prices of most things they buy.
By lifting boats, he means assets priced in $s. Doesn't mean money printing makes things better, quite the contrary.
Post a Comment