I have spilled a huge amount of ink about Quantitative Easing and its impacts over the last 5 years (see here). One of my key points about QE is to highlight how it probably hasn’t had as much impact on the broader economy as some people tend to imply. In other words, it’s not as stimulative as many think….
I was intrigued by comments in this interview with Marc Faber of the Gloom, Boom and Doom Report. He said: “I am hoping for the market to drop 40% so stocks will again become, from a value perspective, attractive again…I think stocks are, by and large, fully priced.” I run into this sort of thinking… Read More