From FT Alphaville:
Wa-oah. Marc Faber has a reputation as a bit of a doom-monger, but he has really surpassed himself with this one. From Bloomberg (emphasis ours):
May 27 (Bloomberg) — The U.S. economy will enter “hyperinflation” approaching the levels in Zimbabwe because the Federal Reserve will be reluctant to raise interest rates, investor Marc Faber said....
Alphaville continues:
Now, there is certainly an inflationary risk to the massive expansion of the Fed’s balance sheet, and exiting quantitative easing and the extremely low interest rate environment will be tricky for the central bank — but we’re still very far from the kind of hyper-inflation described by Faber....MORE
One of these days I'll get around to writing about the best investments during the Wiemer hyperinflation. There were some interesting plays.
