Marc Faber was on TV yesterday discussing the dollar and euro.
Some quotes from the interview:
“Despite the fact that the (European Central Bank) and the European government will flood the market with liquidity to bail themselves out, global liquidity is tightening.””Where the dollar is concerned, the reason I’m actually quite positive is that global liquidity, despite of the fact that the ECB and the European governments will flood the market with liquidity to pay the sales out that, global liquidity is tightening and whenever global liquidity is tightening, it’s bad for asset prices but good for the U.S. dollar as was the case in 2008.”
“Despite the fact that the (European Central Bank) and the European government will flood the market with liquidity to bail themselves out, global liquidity is tightening.””Where the dollar is concerned, the reason I’m actually quite positive is that global liquidity, despite of the fact that the ECB and the European governments will flood the market with liquidity to pay the sales out that, global liquidity is tightening and whenever global liquidity is tightening, it’s bad for asset prices but good for the U.S. dollar as was the case in 2008.”
“Whenever global liquidity is tightening it is bad for asset prices but good for the U.S. dollar, as was the case in 2008.”
