05 March, 2011

Japan Will Have To Monetize The Debt

“If I look at the next 5 to 10 years, the interest payments on the government debt in Japan and the fiscal deficits will become very burdensome and that will necessitate monetization. That will bring about a huge shift of money out of cash and bonds into equities.” - in Bloomberg

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.