You do not need the FED to tell you that something is wrong with the economy

Marc Faber : you do not need the FED to tell you that something is wrong , the stock market in the US peaked out on May 2nd of this year when the S&P went to 1370 and since then most stocks are down 20 percent , the Banks have collapsed yesterday some of them made new lows and the economic sensitive sector like the materials copper shares iron ore steel have been very weak so you do not need the FED to tell you that something is wrong with the economy , the stock market is telling you globally that something is awfully wrong ,
 - in Reuters

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