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If Market Keeps Falling, Fed Will Keep Printing: 'Dr. Doom'

03-15-2011 • CNBC

Falling stock prices will be met only with more money injections from the Federal Reserve, Marc Faber, the so-called "Dr. Doom," told CNBC.

"We may drop 10 to 15 percent. Then QE 2 will come, (then) QE 4, QE 5, QE 6, QE 7—whatever you want. The money printer will continue to print, that I'm sure," said the author of the Gloom, Boom and Doom Report. Later in the interview, he added, "Actually I made a mistake. I meant to say QE 18."

2 Comments in Response to If Market Keeps Falling, Fed Will Keep Printing: 'Dr. Doom'

Comment by Ernest Hancock (1003)

Entered on: 3/16/2011 8:07:40 AM

Understood. Please find us a few good graphics that you think would be illustrative of your point and I'll be sure to include them (I looked and wasn't satisfied)

email to Publisher@FreedomsPhoenix.com & Editor@FreedomsPhoenix.com

Peace,
Ernie

Comment by Bill Phillips (34367)

Entered on: 3/16/2011 5:28:51 AM

The term "printing" in misleading and we should stop using it. It conjures up images of a printing press running, printing paper which has to be cut, bundled, transported, stored and distributed, creating many jobs or at least SOME productive activity. Look at the picture accompanying your article.

What is REALLY happening is someone is tweaking a database entry in some evil computer model and in a flash millions of dollars are created out of thin air. If they had to print the money it would at least slow them down.

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