A McKinsey study finds that while economic growth has been sluggish over the past two decades in advanced economies, net worth, which long tracked GDP growth, has soared in relation to it
In an interview with Business Standard Marc Faber, the author of Gloom, Boom & Doom Report, spoke on how central banks‘ asset purchases – which have only increased over time – will impact prices.
The Federal Reserve has inflated an asset bubble and that`s going to damp market returns, perma-bear Marc Faber, publisher of The Gloom, Boom and Doom Report, told CNBC Tuesday.
"I believe that supporting the recovery today is the surest path to returning to a more normal approach to monetary policy," Yellen, the Fed's current vice chair, said in remarks prepared for delivery to the Senate Banking Committee on Thursday.
The two-sided nature of comments between Ben Bernanke's testimony and minutes of the Federal Open Market Committee (FOMC) meeting may eventually lead to creation of bubble conditions believes Arnab Das of Roubini Global Economics