Monday, January 16, 2012

Marc Faber: European downgrades already priced in

Some quotes:
"... the ECB is already monetizing. If the ECB wasn't monetizing, then the euro would be strong. They have increased their balance sheet, so I think that much of any downgrade is already priced in."
"... what you will have is negative real interest rates for essentially as far as the eye can see. and at that time you want to be in real estate and equities and you want to be in precious metals"

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