Marc Faber speaks on Bloomberg TV on Ben Bernanke's strategy of pumping more money into the credit system.
He says that Bernanke and Paulson are mainly interested in propping up stock market asset prices and thus will support a three to six month rally in equities. This will eventually result in soaring worldwide inflation in his view.
Inflation may be held in check now by low commodity and especially oil prices; deleveraging and falling real estate prices, but the intervention and injection of money will eventually inflate prices.
Showing posts with label stock markets. Show all posts
Showing posts with label stock markets. Show all posts
Friday, October 31, 2008
Tuesday, September 16, 2008
Asian markets tumble on Wall St. news
Asian markets fell sharply led by losses in Japan, South Korea and Hong Kong after news of the collapse of Lehman Brothers and the takeover of Merrill Lynch & Co. on Wall Street.
The bad news was compounded by reports that American Insurance Group, Inc. (AIG) is also in trouble after its credit rating was downgraded.
On a positive note, oil prices have dipped sharply as speculators surmise demand will slow along with economic growth.
The bad news was compounded by reports that American Insurance Group, Inc. (AIG) is also in trouble after its credit rating was downgraded.
On a positive note, oil prices have dipped sharply as speculators surmise demand will slow along with economic growth.
 Sify |
Turmoil hits Asia; Hong Kong, Seoul deep in the red
MarketWatch -1 hour ago By Chris Oliver, MarketWatch HONG KONG (MarketWatch) -- Markets across Asia were blasted by a wave of selling Tuesday, with creditors of Lehman Brothers among the leading decliners, followed by consumer exporters, as investors reassessed the outlook ...
Stunned Lehman Employees Pack Bags Across Asia; Investors FumeCNNMoney.com
Wall Street's Upheaval Unnerves Asian MarketsForbes
Subscribe to:
Posts (Atom)
Posts
