Marc Faber: ‘Mr. Bernanke’s ego badly inflated’

­We speak with Dr. Marc Faber, publisher of the Gloom Boom & Doom report, who says wealth destruction and social unrest may be on the way for Western economies. Wall Street has had a strong start to the second quarter, with the S&P 500 marking its highest close since mid-May 2008. The Fed is holding off on more monetary easing unless US economic growth falters or inflation goes below 2 per cent. So is this inflation or deflation? Is this risk on or risk off? Marc Faber has his own thoughts on the matter – not always optimistic. Finally, what is the real value of education? After all, central bankers and economists have PhD's from the best ranking universities in the country. We'll break it down for you during our segment of Loose Change.

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