"Central bankers are "counterfeit money printers" and Federal Reserve Chairman Ben Bernanke should resign for messing up the U.S. economy so badly, Marc Faber, author of the Gloom, Doom and Boom, told CNBC on Friday.
He said Bernanke was one of the main proponents of an ultra-expansionist economic monetary policy that was to blame for the latest financial crisis.
"If I had messed up as badly as Bernanke I would for sure resign. The mandate of the Fed to boost asset prices and thereby create wealth is ludicrous - it doesn't work that way. It's a temporary boost followed by a crash," Faber said."
World stock markets bounded higher Friday after investors got just what they wanted — big moves by the Federal Reserve to help the U.S. economy out of its funk. More »
Problem is, this move creates asset bubbles, moves stocks, does LITTLE or NOTHING for job creation....I Love a bull mkt like the next guy..I'd rather see people get jobs and a sustainable recovery.
Ask yourself this WHY WOULD THE TARGET THE STOCK MKT NEAR ITS HIGHS?