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IPFS News Link • Economy - Economics USA
The pain is just getting started as Faber notes that “the market is slowly waking up to the fact that the Federal Reserve is a clueless organization.” Internet and Biotech sectors (growth stocks) are “highly vulnerable because they’re in cuckoo land in terms of valuations,” and fully expects the selling to spread as The Fed “have no idea what they’re doing. And so the confidence level of investors is diminishing,” and that means we will see a major decline.
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1 Comments in Response to Marc Faber Warns “The Market Is Waking Up To How Clueless The Fed Is”
The Federal Reserve is being exposed as the world's Ponzi scheme.