Investors Are Ringing The Alarm Bells: Stocks Have ‘Peaked Out’, Fed Members Admit Endless Bond Buying Will Not Fix Economy, Primary Dealers Are Facing An All Too Real Cash Shortage, And The American Consumer Is Out

Friday, February 22, 2013
By Paul Martin

Investmentwatchblog.com
February 21st, 2013

Marc Faber Warns: Stocks Have ‘Peaked Out’

The stock market has “peaked out” and bonds may be on their way to a rebound, Marc Faber, publisher of the Gloom, Boom & Doom Report, said Thursday on CNBC.

“I think we have made an intermediate top, and it could be a longer-term top,” he said on “Fast Money.”

Fed Members Admit Endless Bond Buying Will Not Fix Economy

Word of dissension at the Fed sent the stock market tumbling Thursday. Photo: Alex Proimos.
During the January meeting of the Federal Reserve, some members of the central bank admitted the obvious – a tidal wave of nearly worthless paper money will not turn the economy around and the Fed’s bond-buying program will create dangerous inflation and “foster market behavior that could undermine financial stability.”

Fed minutes reveal “a number of participants” in disagreement with the bond-buying scheme. An ongoing review of the practice “might well lead the committee to taper or end its purchases before it judged that a substantial improvement in the outlook for the labour market had occurred.”

The Rest…HERE


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