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Strategies & Market Trends : Value Investing
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From: E_K_S5/27/2009 8:31:19 PM
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This is a little scary. . . I hope the "Value" Investments will increase in price too.

U.S. Inflation to Approach Zimbabwe Level, Faber Says (Update2)
bloomberg.com

From the article:"... May 27 (Bloomberg) -- The U.S. economy will enter “hyperinflation” approaching the levels in Zimbabwe because the Federal Reserve will be reluctant to raise interest rates, investor Marc Faber said.

Prices may increase at rates “close to” Zimbabwe’s gains, Faber said in an interview with Bloomberg Television in Hong Kong. Zimbabwe’s inflation rate reached 231 million percent in July, the last annual rate published by the statistics office.

“I am 100 percent sure that the U.S. will go into hyperinflation,” Faber said. “The problem with government debt growing so much is that when the time will come and the Fed should increase interest rates, they will be very reluctant to do so and so inflation will start to accelerate.” ..."

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As long as you own hard assets, just hold on for the ride and these assets should increase in value too. The only problem is that your purchasing power will be the same or less.

Marc Faber is usually not 100% on anything but according to this article he is "...100 percent sure that the U.S. will go into hyperinflation...".

EKS
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