Fed statements are vague

When you read their[Fed] statements, they[the Fed] are completely confused and very vague. In other words, all is data-driven. If the stock market dropped ten, 20 percent, for sure there would be more QE programs. On the other hand, if the economy is very strong, they may taper off somewhat. You get the picture. The worse the situation is in the US, whether regarding asset markets or the economy, the more QE there will be. The Fed doesn’t know anything else.

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

Read between lines of China statistics

If you read between the lines of the hard-core statistics in China, in my view, they don’t match with the public statistics about GDP growth. The economy is growing at say, maximum 4 percent per annum, not 7.5 percent or 7.7 or 7.6 percent.

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

The Rejection of Personal Responsibility leads to the Submission to the Authority of the States

Much of public policy these days seems designed to eliminate personal responsibility. The widespread acceptance by intellectuals of the belief that government should play a larger role in economic and private affairs; [is] the triumph … of the philosophy of the welfare state. Friedman opined that “today, governmental measures constitute the major impediments to economic growth in the United States … What we urgently need, for both economic stability and growth is a reduction of government intervention not an increase…"

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