Fed Acted Like a Liquidity Drug Dealer

Marc Faber uses choice analogies, and cuts to the chase as well:

Other sources of funding, such as foreign reserves of resources-rich countries, are also likely to dry up, Faber said. “I think sovereign wealth funds are going to be very busy supporting their own markets, they won’t have much money to buy assets around the world.”

Sounds familiar.

(h/t The Big Picture)

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