The Fed Has No Intention To Raise Rates – Marc Faber
from Kitco NEWS
With the U.S. economic recovery being doubted by weaker economic data, and more and more market watchers expecting the Federal Reserve to make a move on rates at a later date, Kitco News speaks with Marc Faber, editor of the Gloom Boom & Doom Report, to find out what he has to say about it.
“Given the dollar strength and that most recent economic statistics in the U.S. have been on the weak side, I don’t think the Fed has any intention whatsoever to increase rates,” he says, adding that if they do they will make sure that the increase would stay below the cost of living.
“In other words, we would still have negative real interest rates,” he explains. Looking to gold, Faber says considering gold’s current price compared to the highs of 2011, he thinks this is a “reasonably good entry point.”
Finally, Faber comments on Europe, which he says might outperform the U.S. economy this year. “Most of the European markets – I’m not saying all, I’d say Germany, France, Italy – they’re up something like 10% in dollar terms.
I think 2015 will see a year where Europe outperforms the U.S. massively.” Tune in now for more from the editor and publisher of the popular Gloom Boom & Doom Report newsletter. Kitco News, April 7, 2015.
Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week: www.kitco.com/newsletter
Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: http://kitcomm.com — Or join the conversation on social media: @KitcoNewsNOW on Twitter: http://twitter.com/kitconews — Kitco News on Facebook: http://facebook.com/kitconews — Kitco News on Google+: http://google.com/+kitco — Kitco News on StockTwits: http://stocktwits.com/kitconews
Source: http://financialsurvivalnetwork.com/2015/04/the-fed-has-no-intention-to-raise-rates-marc-faber/?utm_source=rss&utm_medium=rss&utm_campaign=the-fed-has-no-intention-to-raise-rates-marc-faber
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).
![Report abuse](/img/report_abuse.png)