In 1929 we didn't have social security, Medicare, Medicaid and the unfunded liabilities we have now. The U.S. will print money, the ECB (European Central Bank) will do the same, and that will have an impact on the purchasing power of paper money. And that has an investment implication for bonds and equities. - in this year's annual forecast dinner put on by the Edmonton CFA Society of financial analysts
Related ETFs, SPDR S&P 500 ETF (SPY), iShares Barclays 20+ Yr Treasury Bond ETF (TLT), ProShares UltraShort 20+ Year Trea ETF (TBT)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
