His not only a FED backer but also a believer in the US dollar is haven as in safe
Oh and a Paul hater.
Here are his quotes.
Nope. The US dollar is the ultimate safe haven and will be soaring in value as the Euro declines over the coming weeks and months. The Federal Reserve is not a significant problem at all. The major problem is the lack of Congress getting the budget balanced by cutting federal spending by around 40%. Federal spending in the US has soared from around $2.7 trillion in 2007 to around $4.0 trillion in 2012. That is the great disaster. The US economy needs to shrink at least 15% to get back to normal levels.There will be no further QE and it doesn't make a hoot of a bit of difference anyway as all of the prior QE money just ended right back up in the accounts of the banks that got it at the Federal Reserve because LOAN DEMAND PLUNGED at the banks and there was no use for any further funds and so none even got out in the economy. I'd suggest you learn what QE is and what it does and what it doesn't do - and the same for Faber as he appears to be clueless.and the value of th S&P has nothing whatsoever to do with Federal Reserve policy.
Nope. QE DOES ABSOLUTELY NOTHING UNLESS THOSE FUNDS RE LOANED OUT BY BANKS TO CUSTOMERS. You are not comprehending that and neither are some others out there. I would strongly suggst you learn about what QE is and does and doesn't do. You also need to comprehend that the FOMC of the Federal Reserve said NO FURTHER QE at their meeting in January as they do comprehend how utterly useless it is. In any event, yields and interest rates WILL BE RISING as they are artificially low and RISK will be priced into interest rates particularly in Europe over the coming months and then into the US starting with municipal bonds which are now defaulting or an the brink of default at alarming rates.
So how would you wake him up?Forex, the US dollar will be absolutely soaring on the DXY and against the Euro and the yen as both Europe and Japan come crashing down in their pile of bad debt. Expect the US dollar to soon be over 100 on the DXY.