Marc Faber: There will be No tapering of bond buying

The US economy is still weak, otherwise McDonalds and Walmart would have reported much favourable results. Given the weakness in the economy and employment, and given the frame of mind of Fed members, most of them are extremely dovish. I think there will be no tapering of bond-buying program. And I won't be surprised if in a year's time the Fed increases asset purchases.

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