27 January, 2012

Negative Interest Rates Forces People To Speculate

With negative interest rates, your money in the bank doesn't give you any return, and it forces people to speculate, on things like real estate, equities and government bonds. That creates bubbles. And in a bubble, the majority of people lose money. - in Edmonton Journal

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