Central bankers are completely insane

Central bankers are completely insane. My sense is that central banks are unlikely to tighten because they’re in such deep shit already and they will continue to print. 

What the central banks in emerging economies missed is that they should have slowed down their economies and credit growth two years ago and taken some pain. Basically central bankers are Keynesian, they believe in intervention but what they never do is cool down the system.


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

QE Has Not Lifted the Standard of Living

The Federal Reserve's quantitative easing program has lifted asset prices substantially. "I think stocks are, by and large, fully priced," Faber said. "I think the experience with quantitative easing is a complete failure. It has lifted asset prices and created asset inflation, but it hasn't lifted the standard of living of most people in the U.S. nor worldwide."
Faber has long been bearish on the market—a call that obviously has not played out well over the past five years. But even though stocks have started 2014 with some days of sharp losses, he said the correction he has been forecasting may not have begun just yet.


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