Marc Faber Would "Squeeze The System Like A Lemon" If He Were In Charge
From this morning's "Bloomberg Surveillance" with Tom Kenne, Scarlett Fu, Adam Johnson and guest host Ralph Schlosstein:
RALPH SCHLOSSTEIN, CHIEF EXECUTIVE OFFICER, EVERCORE PARTNERS
Dr. Faber, I would ask just one quick question, and that is, if you were Mario Draghi, what precisely would you do tomorrow to signal that you were after inflation, wanting to stimulate growth, and yet wanted to keep some powder dry?
Well, it's a very good question. But it's very hypothetical for me for the simple reason that if I were a Central Bank, I would be the greatest hawk in the world.
I would squeeze the system like a lemon and bring inflation down to deflation, because deflation has some advantage for the majority of people, for the majority of people.
It's great if you have a strong currency and you have weak commodity prices so they can buy energy and transportation at lower costs.
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