Marc Faber Warns The Fed “Will Never End Its Insane Policies”

Tuesday, December 17, 2013
By Paul Martin

by Tyler Durden

“The Fed will never end QE for good…” blasts Marc Faber, “they may do some cosmetic adjustments, but within a few years, [Fed] asset purchases will be substantially higher than they are today.” There will be another weakening in the US economy, Faber warns, and “the Fed will argue it hasn’t done enough and will do more… they have been irresponsible for 20 years.” Use rallies to reduce exposure, he warns, “we will go up until it is over; and when it is over the drop will be larger than 20%,” and the best opportunity, Faber notes, is in the most-depressed asset-class he looks at: gold and gold stocks.

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