When the facts change I change my mind, what do you do sir
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Marc Faber Fears 1987 Redux As "Markets Will Punish Interventionists"
"Regardless of what the markets do near-term, a correction is overdue," Marc Faber tells Bloomberg TV's Betty Liu. From discussing Europe's 'apparent' stabilization - "anything can go up when you print money"; to US equity exuberance - "a correction is overdue and February is a seasonally weak month"; Faber sees no change from Geithner's handover to Lew as he opines: "The only thing I know is one day the markets will punish the interventionists, the Keynesians and the monetary policy that the Federal Reserve and ECB has enforced because the markets will be more powerful one day. How will this look like? Will the bond ... (full story)
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When the facts change I change my mind, what do you do sir
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When the facts change I change my mind, what do you do sir