Marc Faber : Bernanke sinking US ship

Marc Faber : We have to distinguish between the stock market & the economy. As you know the real economy began a recession in late 2007 and then between September 2008 & March 2009 we fell off the cliff, and then we were at a very low level of economic activity. Then the huge stimulus packages kicked in and the money printing kicked in. In other words Zero interest rates & Quantitative Easing by the Federal Reserve & also other central banks. That then stabilized the global economy, and when you have car sales dropping 50% and more, then you're going of course to have a rebound - but the question is how sustainable the rebound will be? Or is this rebound at the present time actually borrowed from the future. And in my sense, here I am talking about the economy, that the economy near term can recover. Maybe the recovery will be somewhat lengthier than expected, then crack up boom because the first stimulus package in the US probably will be followed by a Second one and money printing will lead to even more money printing next years so it could last say 12 to 18 months. And then we will get another set of problems arising from each government action has unintended consequences.