What: "The Federal Reserve, by keeping interest rates artificially low, creates bubbles," says Faber. "How are you going to value a Warhol painting or a Picasso if interest rates are at zero? How are you going to value stocks when interest rates are at zero? You create a complete mispricing of everything in the system." What is the unifying point? They are both things that only a minority of people can participate in.

Writer: Dr. Marc Faber

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Date: Oct 17 2013 9:28 AM