1. As far the dollar is concerned, the reason I’m actually quite positive is that global liquidity, despite of the fact that the ECB and the European governments will flood the market with liquidity to pay the sales out, that global liquidity is tightening. And whenever global liquidity is tightening, it’s bad for asset prices but good for the U.S. dollar as was the case in 2008.

    — Marc Faber


  1. nonstoptrain posted this