(Bloomberg) -- The U.S. Federal Reserve ``will
panic'' and cut rates this year to bolster the economy as
subprime mortgage defaults climb, Marc Faber said.
``My concern is that in the second half of the year, unlike
everyone expects, the U.S. economy will not recover,'' Faber, an
investor who predicted the stock market crash in 1987, said in
an interview today in Hong Kong.
Read more at Bloomberg Bonds News
panic'' and cut rates this year to bolster the economy as
subprime mortgage defaults climb, Marc Faber said.
``My concern is that in the second half of the year, unlike
everyone expects, the U.S. economy will not recover,'' Faber, an
investor who predicted the stock market crash in 1987, said in
an interview today in Hong Kong.
Read more at Bloomberg Bonds News
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