Marc Faber In Thailand, Talking About Clowns

Marc Faber at a Thai studio.

Most important sentence: "The Fed has lost control of long term interest rates". That can be seen here. Even with this money printing and expansion of the Federal Reserve's balance sheet, they can't keep interest rates low anymore.

But more importantly, I note that they have also lost control of short term interest rates. As you can see here, the adjustable mortgage rate is edging up, even when they hold the fed funds rate at zero. So at some point the fed funds rate needs to go up. But there is one other solution, going the other way. Let's see if Janet Yellen is going to apply negative interest rates...