Saturday, July 17, 2010

Marc Faber Expects a Return to Massive Quantitative Easing by October

Marc Faber Expects a Return to Massive Quantitative Easing by October

Marc Faber the Swiss fund manager and Gloom Boom & Doomeditor said the US is so full of debt, stuck in a period of slow growth and high enemployment, that the Federal Reserve will soon have to revert back to crisis era policies.

Speaking to Bloomberg in a live interview Thursday, Faber said: " I am conviced the Fed will soon implement further quantitative easing," adding "and massively so".

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