"More quantitative easing by the US Fed in September or October", Faber predicted in July, 2010:
It seems that Dr. Doom is right again and it is probably good news for equities:
The Fed "will do all that it can" to support the economy, he said, including "provide additional monetary accommodation through unconventional measures if its proves necessary."
At the top of Bernanke's ‘tool box' are "additional purchases of longer-term securities," including Treasuries and mortgage-backed securities.
Posted Aug 27, 2010 01:35pm EDT by Aaron Task
Oh, stay away from long term US Government Bonds and buy some gold and silver (Marc Faber on CNBC, 16 Aug 10):
Related post:
Marc Faber: S&P will not fall below 1,010.
Gold: To buy or not to buy.
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