This analysis from Dr. Marc Faber is adapted from our exclusive webcast Global Investing Outlook, which originally aired in early September. Dr. Faber, based in Hong Kong, is a prominent international investor and a member of the influential Barronrsquo;s Roundtable.
I would argue that the weaker the economy is, the more fiscal stimulus will be applied and the more money printing will take place under Fed Chairman Mr. Bernanke, who is historyrsquo;s greatest money printer.
As a government, you can print money, increase your debt and put everything on the governmentrsquo;s balance sheet, but it is unlikely to help the typical household in the United States. It may help Wall Street and it may help some asset markets, but not the American standard of living.
If money printing would make countries rich, Zimbabwe would be the richest country in the world.
If you pursue a monetary policy aimed at driving down and keeping interest rates at zero and pushing people into assets, then you can essentially have a weak dollar but have stocks catch up and compensate for that weak dollar.
Going forward, I think therersquo;s a chance that equity prices around the world continue to rally and could rally quite substantially if the dollar is weak. In addition, the more money Mr. Bernanke prints, the more oil and other commodities like precious metals will go up.
All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor.

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