"The benefit of quantitative easing has essentially flowed into Wall Street, into investment banks, into the banking sector but it hasn't flowed into the typical household in the US. Unemployment is still horrible at the present time with a lot of people being either unemployed or under employed.
As a result, we have a very strange economy. We have booming financial markets, but at the same time the average household – the man on the street is basically suffering."
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world. Dr. Doom also trades currencies and commodity futures like Gold and Oil.
