From Financetrends:
- Market strategist and investor Marc Faber joined Bloomberg yesterday to talk about the Fed rate cut and its affect on the markets.
As those who are familiar with Faber's views have probably guessed, Marc was none too impressed with the Federal Reserve's latest action, or any of the recent efforts to "pump liquidity" into the markets and the economy.
When asked about the job Ben Bernanke is doing as Fed Chairman, Faber responded by saying "Bernanke is a disaster". He also pointed out that the recent Treasury and Fed interventions and rule changes have actually created more volatility in the markets, citing the recent ban on short-selling as a primary example.
Plenty more to hear in this interview clip.
Sources :
- Bloomberg News Video: Marc Faber Interview
- Finance Trends Blog: Marc Faber: "Bernanke is a disaster", October 30, 2008 10:36 am
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