Marc Faber

The reason I am so negative about the Federal Reserve’s policies is that they only target core inflation and argue that they can’t identify bubbles, but when each bubble bursts, they flood the system with liquidity that brings about unintended consequences.

– Marc Faber

Americans are notoriously ill-equipped for self-reflection. We’re usually a very boisterous, outward-moving bunch of people, but we don’t understand that much about ourselves or how other people perceive us.