Marc Faber - Print Enough Money, Any Asset Class Will Go Up

For the latest Marc Faber, go to http://MarcFaberBlog.com - If we look behind the employment figures that the government publishes, we can see that the unemployment rate is terrible. A lot of the jobs that were created were in government and healthcare. The market wants to go up because of money printing. If you throw enough money at asset classes, they will go up. Some asset classes have gone up more than others. Commodities have outpaced the stock markets. At the beginning of the year, people were much too pessimistic on the stock market. This was a technical indicator that predicted a short term bull run. They gravy is out of the market. The gravy was to buy resource stocks. Now, the risk/reward isn't too favorable on the upside. We have to be aware that the worse our economic conditions become because of all the money printing - the more the Fed will print money to try to prop up the economy. It is difficult to measure things in money prices when so much money is constantly being created. There will be a tremendous amount of volatility. Asian stock markets are better, since they recently hit 20-30 year lows. They are now up 70%, so there could be some corrections over there. As money flows back into riskier asset classes like equities, we could see some downward pressure on gold.