Wikinvest Wire

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:

bruno t said...

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.

Anonymous said...

By lifting boats, he means assets priced in $s. Doesn't mean money printing makes things better, quite the contrary.

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