Jackson Hole Meeting did not produce anything

Marc Faber : Basically the Jackson Hole meeting did not produce anything that we investors did not know before. What was basically articulated by the Fed Chairman, Mr. Bernanke, was that if conditions warranted, there will be more QE3 and the conditions will eventually warrant more QEs and there will be QE3. The question is when will it happen and to what extent have equity markets and also property markets in the US already discounted QE3. - in Indian Economic Times

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