Famed Swiss investor Marc Faber, known as ‘Dr. Doom’ for his bearish views on the economy and equity markets, has sparked outrage after suggesting the US only prospered because it is ruled by white people. “Thank God white people populated America, not the blacks. Otherwise, the US would look like Zimbabwe, which it might look like one day anyway, but at least America enjoyed 200 years... 

Whenever Marc Faber appears in the financial media, in this case Bloomberg TV, one can expect the usual fire and brimstone sermon of how micromanagement of the global economy by central bankers will lead to disastrous results, something which we agree with wholeheartedly and as of two months ago, so did virtually every billionaire at Davos. Recall that just at the end of January, the WSJ when reporting... 

The National Inflation Association today released the following statement to its http://inflation.us members: “While most mainstream economists such as Nouriel Roubini are warning of deflationary threats to the U.S. economy, it is our belief that massive price inflation has already begun. The Federal Reserve’s policy of massive monetary inflation in 2009 has caused the Dow Jones to bounce...