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Meb Faber highlights a quote from Russell Napier suggesting that, in an environment of quantitative easing, the traditional investing maxim of 'Do not fight the Fed' should be reconsidered and reframed as 'Do not trust the Fed.'
The commentary reflects skepticism about relying on Federal Reserve policies in current financial conditions.
Faber has previously highlighted how money printing tends to benefit those who control financial flows, referencing remarks from Marc Faber in an earlier note (full story). He also commented on Berkshire Hathaway's acquisition of one of his stocks, describing his reaction for investors (earlier coverage). These posts add further detail to his ongoing commentary on central bank actions and market reactions.