Saturday, November 9, 2013

Wealthy At Big Risk

Faber suggested that, as the main beneficiaries of Fed policy, the rich would also be the hardest hit when the policy changes.

"If you think that high end will never lose anything …" he said. "This is all the result of quantitative easing. The Fed wanted to get the stock markets going. That's what QE-1, 2, and 3 are all about. Move people out the risk curve, and so far it's worked."

- Source, The Fiscal Times: