Only at the Federal Reserves is there no inflation

"The absolute level of interest rates doesn’t tell you whether there is tightening or not. In China, they increased the interest rates over the several times. But with inflation running at between 8-10% per annum and the deposit rate at 3.25%, money is losing its purchasing power if you keep it on deposit,"
"In US, you will have a similar process. One day they will increase it by a quarter of percent but what does it mean when commodity prices are going through the roof, energy prices are going up, health costs are going up, insurance premiums are going up, everything is going up. Only at the Federal Reserves is there no inflation." - Marc Faber in Moneycontrol


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Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.