December 26, 2012
Marc Faber Video: Middle Class Consumption in Asia and the Emerging Markets
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
December 24, 2012
Marc Faber trolls CNBC over fiscal cliff and economic optimism
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
December 20, 2012
Marc Faber’s Beliefs About Gold
Marc Faber is one of the very successful investors on earth. He recently explained his view on the monetary policies of the developed regions in the world. Obviously he is no fan of the Keynesian way of thinking which is applied by the central banks in the developed regions.
The Keynesian policy considers easy money as a way out of economic recession and deflation. They argue that money creation smoothens out the business cycle. In his presentation, Marc Faber demonstrates that these kind of interventions achieve exactly the opposite: they make the business cycles much more violent, create extreme fluctuations in economic activity and result in far more financial volatility. In his opinion, the essential problem is that the Keynesian way of thinking tries to solve long term structural problems with short term fixes, with an emphasis to create bubbles to help the economy. However, Mr Faber notes that bubbles usually hurt the majority of market participants.
Based on the US Fed philosophy you can’t identify bubbles, but if they burst you can take measures to support asset prices by flooding the markets with liquidity (read: by “dropping dollar bills from an helicopter” in order to prevent deflation). In line with that way of thinking, the Fed has slashed interest rates and created liquidity over the last 30 years on a continuing basis.
“Nationalism will emerge. Healthier countries will not see fit to spend their hard earned money to bail out their less responsible neighbors.”
Marc Faber believes that these policies have one big problem: central banks simply cannot determine what will happen with the money that is created. The key point is that inflation does not necessarily occur in wage inflation or in consumer prices. The additional liquidity however can create unpredictable sorts of inflations. For instance, it can result in a housing boom in country X, or in employment wage inflation in country Y, or in commodity price inflation in country Z. Furthermore, not every price increase will occur at the same rate, with the same intensity, at the same time. Those are the “unintended consequences” of money printing, which Marc Fabers discusses in detail with a lot of examples in his presentation.
“High monetary inflation brings distortions in the price mechanisms and volatility.” One of the examples Mr Faber used in his presentation is the Mexican deflation, in which the currency debased sharply against eg the US dollar between 1979 and 1983. From the lows in 1983 till its highs in 1988, the Mexican equity market in US dollar increase 44-fold!
Marc Faber his conclusion: money printing brings more and unpredictable volatility. We saw a major low in equities in March 2009 which we probably won’t see again because “every drop” comes with a new round of QE. Going forward, he believes that owning GOLD is a must for every individual and investor. Gold is not in a bubble as we haven’t seen rapid acceleration of prices (as an example, look back at 1979 where the gold price doubled in 3 months).
Source: marcfaberblog.com/marc-fabers-beliefs-about-gold/
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
December 14, 2012
Marc Faber: Krugman and Central Planners Should Move To North Korea
New York, NY - Famous investor Marc Faber is featured in a new film about the ongoing financial crisis. Faber is one of many interviews in “The Bubble”, a documentary that interviews the experts that predicted the 2008 crash and asks what happens next. Other cast members include Jim Rogers, Peter Schiff, Ron Paul, Marc Faber, Doug Casey, Jim Grant and numerous others. The script is written by Dr. Tom Woods and based off his New York Times best seller “Meltdown.” Renowned bearish investor David Tice is the Executive Producer.
In the film, Faber says that the global economy is decelerating very rapidly. He said, “In my view we have too much debt in the household level, the student level and the government level.” Faber predicted deficits over a trillion dollars in America for the next 10 years. He says this will will hurt economic growth immensely. “I'm ultra bearish on paper money.”, said Faber. “There is a bubble in government bonds. People will realize that their money will lose purchasing power and will no longer trust to buy government bonds, notes or bills.” Faber's views on government debt are linked to inflation. He said, that consumer price increases around the world are much higher than what the government is reporting. In the U.S., Faber estimates that consumer price levels are rising by 5 to 8 percent annually. The interview has some interesting quotes from Faber that might be surprising to some. He made his distaste of Keynesian economists and central bankers clear by saying, “ Krugman thinks the fiscal deficits are too small. One of the problems of the crisis is that it was called by government intervention with fiscal and monetary measures. Now they tell us we didn't intervene enough. Yet, if they really believe that, they should go and live in North Korea where they have a communist system.”
The raw footage of the interview is available online at http://www.TheBubbleFilm.com. Updates about the film, including information about its upcoming release, can also be found at http://www.Facebook.com/TheBubbleFilm.
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
December 07, 2012
Marc Faber: To prepare for a massive collapse pazaren
"I do not think the market will collapse because of Greece and I do not think this will happen because of 'fiscal gap' as 'fiscal gap' will be," says Faber.
"The market is collapsing as corporate performance will start to disappoint and the global economy will be negligible growth next year and may even shrink. That's why I think the shares will lose at least 20% of the peak, which S & P 500 reached 1,470 points in, "he said.
Faber, who is known for his bearish views, an example disappointing results of Apple, who claim the company 20% of its market capitalization over the past two months and 14% in just the last month.
Series underperformance of corporations, including Amazon, McDonalds and Google, marred investor sentiment in recent weeks.
According to Faber 'fiscal gap' will actually increase the minimum tax "within five years" and some budget cuts "over the next 100 years."
U.S. needs a little pain to patch the budget deficit, he said. "There will be some pain to be completely controlled. The question is whether it will endure a little pain now or risk the complete collapse of society after five years, "says Faber, warning that political will to deal with the budget problems is lacking.
"In a democracy, they will not decide to let a little pain, so problems will be postponed until becoming bigger and bigger."
Faber identifies several problems that hinder the recovery of the U.S. economy and the real estate market, which he said had never been "built in".
Faber warned that it would take a serious reduction in debt levels.
"In the Western world, including Japan, the problem is too much debt. These debts must be done something, and fast, or else you will be forgiven for their growth, "he said.
"I think we spent more than we earned from 1980 to 2007 and now is time to pay," said Faber.
According to investor incentives taken by central banks are useless, and the only way to restructure the financial system through market implosion.
"I think the whole global financial system needs to be rebooted and that this can be done by central banks and by the implosion of the market - or money market or debt market or the stock market," says Faber.
"It will happen, will happen one day and then we would be happy if you still hold 50% of the value of the assets that we have now."
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
December 02, 2012
Marc Faber Video: The Bubble Film Interview
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
November 28, 2012
Marc Faber: Global Outlook
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
November 26, 2012
Marc Faber Video: Market Outlook
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
November 19, 2012
Marc Faber: Austerity Now Or A Collapse Later
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
November 13, 2012
Marc Faber thoughts
"The market on [Obama's] re-election should be down at least 50%," Marc Faber told Bloomberg news last week…
"I think Mr. Obama is a disaster for business and a disaster for the United States," he continued. "Not that Mr. Romney would be much better… You also have in the background Mr. Bernanke, who with artificially low interest rates enables the debt to essentially escalate endlessly."
Faber – a legendary contrarian investor – sees a future of endlessly rising government debts in America, paid for by money printing from the Fed. The end result, he says, is inevitable: inflation.
Source: Daily Wealth
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
"I think Mr. Obama is a disaster for business and a disaster for the United States," he continued. "Not that Mr. Romney would be much better… You also have in the background Mr. Bernanke, who with artificially low interest rates enables the debt to essentially escalate endlessly."
Faber – a legendary contrarian investor – sees a future of endlessly rising government debts in America, paid for by money printing from the Fed. The end result, he says, is inevitable: inflation.
In 2002, he wrote a book called Tomorrow's Gold. He included an important table in that book, which showed the performance of different asset classes during the period of massive inflation from the mid-1970s to the mid-1980s. Take a look…
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
November 12, 2012
Marc Faber on Russia - Starts at 24 min
Is Russia the Best or Worst in BRIC? from Troika Dialog on Vimeo.
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
November 06, 2012
Marc Faber Video: No Government Complies With Anything
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
November 05, 2012
Marc Faber Video: Asia Has Been Slowing Down
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
November 03, 2012
Marc Faber Video: Schifff radio Interview
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
November 02, 2012
Marc Faber 2012
Faber, like Felix Zulauf is bullish on Japanese equities and he also thinks that Chinese shares can bounce.
”The Chinese can postpone a more serious recession by easing, but it won’t solve the problem. The Chinese stock market could outperform for a while.”With respect to Japan, Faber also sees the yen weakening. The BOJ announced another round of quantitative easing yesterday. It should be noted that the yen appears to have started a downtrend as it’s fallen about 7% in the last few months.
“If the yen weakens, Japanese shares will be attractive and Japanese bonds, unattractive. I recommend some exposure to Japanese equities.”
Overall, Faber is bearish on the economy and he expects a correction in stocks that could be over 20%.
“Asset markets such as equities are vulnerable to at least a 20% decline. If you have cash in reserve and the market falls, you can start buying.”
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
November 01, 2012
Marc Faber Video: Year End Rally Or Fall Out?
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
October 26, 2012
Marc Faber: S & P 500 could fall to 1180 punkta
"I think we face a global slowdown in world economies and disappointing corporate results and would not be surprised to see a decline in indices of, say, 20 percent," said Faber in an interview with financial publication CNBC.
"It's not a big drop. If you take such a decline does not necessarily get out of bed in the morning, "says the specialist.
In mid-September broader index S & P 500 peaked at a level of 1 475.51 points, while the blue-chip Dow rose 661.87 points to 13.
Decrease of 20% from these levels translates to drop to 1,180 points for the S & P 500 and 10,930 points.
Despite the expected third wave of Fed stimulus, Faber does not believe that monetary incentives alone will affect the extent of the economy.
They can cause side effects, but not empirically proven that throwing so much money in the system to solve the problems her.
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
October 23, 2012
Marc Faber Video: The Technical Position Of The Market Is Poor
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
October 22, 2012
Marc Faber: Up 5-10 years the West will fall into total chaos
Debt burden of the U.S. and other Western economies will continue to grow and this will lead to a "colossal mess" within 5 to 10 years, warns Marc Faber, author of the report Gloom, Boom and Doom, said on CNBC.
"I think governments will try to maintain it as long as possible and this means that we are not facing a" fiscal gap "and to" Grand Canyon fiscal, "said Faber.
According to Faber political systems in western countries will allow the debt burden continues to grow. The scenario in which deficits are never repaid, meaning that one day the system will inevitably collapse.
"Or to be undertaken major reforms and things will happen as usual, by revolution," he said. "The U.S. is closer to such an Revolution and Europe."
"I think it will happen within 5 to 10 years - then chaos will be a colossal and pervasive," says Faber.
"I think that the annual deficit of the United States, regardless of who wins the presidential election, will remain above $ 1 trillion for the foreseeable future," he said.
Bureaucracy in the U.S. and Europe is too heavy and creates an additional burden on the economy, Faber warned.
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
October 10, 2012
Marc Faber Video: Market Setting Up for 'Serious Setback'
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
October 06, 2012
Marc Faber Video: Global Crash Coming
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
October 04, 2012
Marc Faber & Jim Rogers On Our "Clueless, Ignorant, Dangerous" Leaders
Marc Faber: "Both candidates are clueless and completely artificial..."
Jimmy Rogers: "It's worse than clueless, because they think they know what they're doing.. and so they are dangerous! If they were just clueless and looked out the window, we wouldn't have a problem, but they think they have the solution - but their solutions are what's making the situation worse..."
Marc Faber: "That is precisely the point. It is very dangerous to have ignorant people believing that they know something!
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
October 01, 2012
Marc Faber Video: We Are Entering A Correction Phase
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
September 26, 2012
Marc Faber Video: The Failure Of The Interventionism
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
September 17, 2012
Marc Faber Interview: Federal Reserve Policy Will Destroy The World
Marc Faber, publisher of the Gloom, Boom & Doom report, talks about Federal Reserve policy and his investment strategy. Faber, speaking with Betty Liu on Bloomberg Television's "In the Loop," also discusses gold prices and the property market.
Source: Bloomberg
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
September 15, 2012
Marc Faber: If I were Bernanke, I would resign
Central bankers are "coiner" and Federal Reserve Chairman Ben Bernanke, the U.S. should resign for having ruined the U.S. economy, said Marc Faber, publisher of the Gloom, Doom and Boom Report, said on CNBC.
In his words, Bernanke is one of the main supporters of the ultra-expansionary monetary policy, which is the cause of the recent financial crisis.
"If I screw up so bad as Bernanke, surely I would resign. The mandate of the Fed to support asset prices and thus creates wealth is coming - it does not work like that. This is a temporary increase, which is always followed by collapse, "says Faber.
"The only thing this achieves quantitative easing (QE), along with the continued operation Twist, is to redirect capital flows to the so-called Mayfair economy by raising asset prices," said Faber, whose popular name, as investors predict market collapse from 1987.
Mayfair economy describes a system that favors the wealthiest circles of society. Faber said that this round of quantitative easing will not help ordinary people.
"QE only helps the rich, whose assets rose. It does nothing for the people on the street to deal with the rising cost of living. This small part of the economy is booming while the rest becomes a victim of QE ", he said.
"Printers money are to blame for this crisis. If we continue with this expansionary monetary policy will find ourselves facing a "fiscal gap" and to "Grand Canyon fiscal," he added.
"If we in the western world economic crisis, it is because governments print up to 50% and more of money in the economy. It is a cancer that takes people's freedom, "he said.
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
In his words, Bernanke is one of the main supporters of the ultra-expansionary monetary policy, which is the cause of the recent financial crisis.
"If I screw up so bad as Bernanke, surely I would resign. The mandate of the Fed to support asset prices and thus creates wealth is coming - it does not work like that. This is a temporary increase, which is always followed by collapse, "says Faber.
"The only thing this achieves quantitative easing (QE), along with the continued operation Twist, is to redirect capital flows to the so-called Mayfair economy by raising asset prices," said Faber, whose popular name, as investors predict market collapse from 1987.
Mayfair economy describes a system that favors the wealthiest circles of society. Faber said that this round of quantitative easing will not help ordinary people.
"QE only helps the rich, whose assets rose. It does nothing for the people on the street to deal with the rising cost of living. This small part of the economy is booming while the rest becomes a victim of QE ", he said.
"Printers money are to blame for this crisis. If we continue with this expansionary monetary policy will find ourselves facing a "fiscal gap" and to "Grand Canyon fiscal," he added.
"If we in the western world economic crisis, it is because governments print up to 50% and more of money in the economy. It is a cancer that takes people's freedom, "he said.
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
September 10, 2012
Marc Faber - CNBC Video
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
September 08, 2012
Marc Faber Video: Train Yourself Not To Depend On The Internet & Mobile Phones
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
September 04, 2012
Marc Faber Video: Market Update ET
August 01, 2012
Marc Faber Video: Market Outlook
June 29, 2012
Marc Faber recent updates
Commodities Bulls Have Thrown In The Towel. This weakness is a clear indication of a global economic contraction…fundamentals have been deteriorating for some time but now the eternal bulls have thrown in the towel. In other words, the perception has changed. - in CNBC
The Germans May Lose Patient And Leave The Euro. It`s quite possible that at some stage the germans will lose patient and they will exit the eurozone. - in CNBC
Central Banks Will Continue To Print Paper Currency. Central banks around the world will continue to print paper currency which will decrease the currency's purchasing power. - in ET
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
June 18, 2012
Marc Faber: A major Low in interest rates is coming
Marc Faber says that The Nasdaq was in a bubble at the end of 1999. It still managed to rise 30 percent to the March 2000 peak. It seems that Marc points out that the final highs or lows in long-term bubbles are always very intensive. Thereafter, it was all the way down. Possibly Treasuries will rally more, but after a bull market, which began in September 1981, we are surely approaching a major low in interest rates. I am sure that over the next 10 years investors buying today U.S. 10-year T-notes and 30-year bonds will lose a ton of money. That is because even if bonds continue to go up very strong, the crash later will be so big that the last year investors will lose money probably in weeks or even overnight.
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
June 13, 2012
Marc Faber Interview - RTS Info
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
May 29, 2012
Marc Faber - Video
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
May 26, 2012
Marc Faber’s 100% confidence for a global recession in 2013
In about two minutes interview for CNBC, legendary Marc Faber revealed his scary forecast for a global recession in 2013 for which he is 100% sure. He believes that the main risk is not Europe and Greece but China and India where they things look ugly and these most important economies are slowing down big. Still it seems the public is ignoring this problem. Marc still believes that the next risk off event will be the exit of Greece from the EMU. Still he believes that the Germany will finally give up and allow Eurobonds to save the EZ project. According to him the longer the delay for euro-bonds, exits, defaults and restrucrings, the higher the chance for a huge system failure an gigantic market crash, bank runs. The investor believes that the markets will not go down 50% once Greece exit but just the opposite, there will be a relief rally as there will be clarity. Still banks and insurance stocks will crash. Around the 5-th minute, Marc Faber talks that while stock indices are not performing terribly, there are many economically sensitive (and luxury) stocks that are down very significantly - which helps him see that the huge asset price run of the last decades is coming to an end prompting the question of the day from CNBC's Cramer-stand-in "You're not looking for a recession in the US are you?" Faber, in his calm, thoughtful way responds, "I think we will have a global recession late this year, early next year", to which surprised Wapner asked about the odds (surely 20%, 40%?) of this recession – and Marc said : "100% certainty" and of course the only 'investment' in this case is the USD cash and of course investors must own some gold.
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
May 17, 2012
Marc Faber latest update on stocks and gold
According to Mr Faber stocks, gold and gold shares will bottom very soon and a rally will follow. He doesn’t believe that the markets will go to new highs and believes that during the rallies investors can decrease the positions they are not comfortable with. The USD and bonds will go down during this relief rally as risky assets go up.
Marc Faber continues to favor gold and believes that even a central banker, with his just-below-average intelligence, will someday along the line see and want to move out of USD the bonds that provides no yield. All that means CB will buy gold in environment of negative real interest rates. Central banks should have done it long time ago but still it is not too late.
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
Marc Faber continues to favor gold and believes that even a central banker, with his just-below-average intelligence, will someday along the line see and want to move out of USD the bonds that provides no yield. All that means CB will buy gold in environment of negative real interest rates. Central banks should have done it long time ago but still it is not too late.
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
April 17, 2012
Marc Faber: Australia will suffer from China’s growth correction
Marc Faber, the published of the Gloom Boom and Doom report recently stated on the Australian TV that if China experience hard landing and a big slowdown, then the Australian economy will surely suffer and will be hit very negatively.
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
April 08, 2012
One Asset Class That Is Relatively Depressed
April 03, 2012
Marc Faber Warning
According to Marc Faber the world will face massive wealth destruction. Savers will lose 50% and many other investors will also lose much. This destruction will happen via super-high inflation or though war and social unrest or market collapse. He believes that all these might happen but not at once, probably one after another.
That is why he recommends investors to buy some land and property that is in second-tier cities. They might provide protection and independency in times of social unrest, war and such. They also offer good values and are good investments in his view. About stocks, Marc thinks that Japan will outperform other developed markets in 2012. We know that same as Kyle Bass, Marc Faber also thinks that the yen will weaken and that will probably boost stocks in Japan, especially of companies that export much (most Japanese stocks).
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
That is why he recommends investors to buy some land and property that is in second-tier cities. They might provide protection and independency in times of social unrest, war and such. They also offer good values and are good investments in his view. About stocks, Marc thinks that Japan will outperform other developed markets in 2012. We know that same as Kyle Bass, Marc Faber also thinks that the yen will weaken and that will probably boost stocks in Japan, especially of companies that export much (most Japanese stocks).
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
March 29, 2012
Gold is not bubble
According to Marc Faber gold is not in a bubble. He believes that It wasn’t in a bubble also in 1973, either, but it still corrected by 40% back in that period. He is not even sure it's near a bubble ... Marc points out that in a bubble the majority of people and investors are not only invested but overinvested in a specific asset. Still Marc mentions that there was a bubble in 1979–1980, when the whole world was trading buying and selling gold 24-hours a day,worldwide. Today less than 1.5% of all assets are invested in gold and the public is under invested.
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
March 22, 2012
Marc Faber: We may have huge correction within the next three months
As we know Marc Faber has been recommending for quite some time that people keep about 25% of their portfolio in equities. Yesterday the publisher of the
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
Gloom Boom and Doom
report stated that even though he is not completely out of the stock market he believes that we may have a huge correction coming in the next three months. So he is warning about the possibility of market losses soon.
Marc Faber and now his “Love” for Central Bankers
Basically the U.S. had a significant increase in the average household income in real terms from the late 1940s to essentially the mid-1960s. And, then inflation began to bite and real income growth slowed down. Then came the 1980s and in order not to disappoint the household income recipients you essentially printed money and had a huge debt expansion.
So if you have an economic system and you suddenly grow your debt at a very high rate, it's like an injection of a stimulant of steroids. So the economy grew at a relatively fast pace, but built on additional debt. And this obviously cannot go on forever and when it comes to an end, you have a problem. But the Fed had never paid any attention.
The Fed is about the worst economic forecaster you can imagine. They are academics. They never go to a local pub. They never go shopping -- or they lie. But basically they are a bunch of people who never worked a single day in their lives. They’re not businessmen that have to balance the books, earn some money by selling goods, and paying the expenditures. They get paid by the government. And so these people have no clue about the economy.
And, so what happens is they never paid any attention to excessive credit growth -- and let me remind you, between 2000 and 2007, credit growth was five times the growth of the economy in nominal terms. In other words, in order to create one dollar of GDP, you had to borrow another five dollars from the credit market. Now this came to an end in 2008.
Now the Fed never having paid any attention to credit growth, they realized if we have a credit-addicted economy and credit growth slows down we have to print money. So that’s what they did. But believe me it doesn’t take a rocket scientist to see that if you print money you don’t create prosperity. Otherwise, every country would be unbelievably rich because every country would print money and be happy thereafter.
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
So if you have an economic system and you suddenly grow your debt at a very high rate, it's like an injection of a stimulant of steroids. So the economy grew at a relatively fast pace, but built on additional debt. And this obviously cannot go on forever and when it comes to an end, you have a problem. But the Fed had never paid any attention.
The Fed is about the worst economic forecaster you can imagine. They are academics. They never go to a local pub. They never go shopping -- or they lie. But basically they are a bunch of people who never worked a single day in their lives. They’re not businessmen that have to balance the books, earn some money by selling goods, and paying the expenditures. They get paid by the government. And so these people have no clue about the economy.
And, so what happens is they never paid any attention to excessive credit growth -- and let me remind you, between 2000 and 2007, credit growth was five times the growth of the economy in nominal terms. In other words, in order to create one dollar of GDP, you had to borrow another five dollars from the credit market. Now this came to an end in 2008.
Now the Fed never having paid any attention to credit growth, they realized if we have a credit-addicted economy and credit growth slows down we have to print money. So that’s what they did. But believe me it doesn’t take a rocket scientist to see that if you print money you don’t create prosperity. Otherwise, every country would be unbelievably rich because every country would print money and be happy thereafter.
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
March 21, 2012
The Perils Of Money Printing`s Unintended Consequences
March 18, 2012
Marc Faber Blog and the Money Printing’s Unintended Consequences
Not only Marc Faber is worried about the coming inflation due to gigantic money printing in many developed countries, but now it seems that he is worried also about building bubbles in many assets. The problem with that is when these bubbles burst they lead to social havoc. That’s why Marc Faber is defensive these days. He has expressed his caution about the stock market recently due to the huge non-stop rally that developed.
Marc Faber doesn’t believe central banks will revert their purchases of bad assets and comments on inflation:
“First of all, I do not believe that the central banks around the world will ever, and I repeat ever, reduce their balance sheets. They’ve gone the path of money printing and once you choose that path you’re in it, and you have to print more money.
If you start to print, it has the biggest impact. Then you print more - it has a lesser impact unless you increase the rate of money printing very significantly. And, the third money printing has even less impact. And the problem is like the Fed: they printed money because they wanted to lift the housing market, but the housing market is the only asset that didn’t go up substantially.
In general, I think that the purchasing power of money has diminished very significantly over the last ten, twenty, thirty years, and will continue to do so. So by being in cash and government bonds is not a protection against this depreciation in the value of money”.
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
Marc Faber doesn’t believe central banks will revert their purchases of bad assets and comments on inflation:
“First of all, I do not believe that the central banks around the world will ever, and I repeat ever, reduce their balance sheets. They’ve gone the path of money printing and once you choose that path you’re in it, and you have to print more money.
If you start to print, it has the biggest impact. Then you print more - it has a lesser impact unless you increase the rate of money printing very significantly. And, the third money printing has even less impact. And the problem is like the Fed: they printed money because they wanted to lift the housing market, but the housing market is the only asset that didn’t go up substantially.
In general, I think that the purchasing power of money has diminished very significantly over the last ten, twenty, thirty years, and will continue to do so. So by being in cash and government bonds is not a protection against this depreciation in the value of money”.
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
March 16, 2012
Marc Faber: Equities might correct
Right now, for the next one or two months, I don't think that stocks will go up a lot.
I personally think they will correct.
But long term, I still like Asia. My concern is if the Chinese economy slows down meaningfully that we could have economic weakness spreading around Asia as well, as well as in countries that supply commodities to China, like Australia, Brazil, Argentina, and so forth.
Right now, say for the next two months, I'm very cautious. - in a recent interview with oilprice.com
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
I personally think they will correct.
But long term, I still like Asia. My concern is if the Chinese economy slows down meaningfully that we could have economic weakness spreading around Asia as well, as well as in countries that supply commodities to China, like Australia, Brazil, Argentina, and so forth.
Right now, say for the next two months, I'm very cautious. - in a recent interview with oilprice.com
March 13, 2012
Gold: There`s Significant Support Around 1500, But It Could Drop Lower
All I'm saying is that, in my opinion, the gold price correction is not yet entirely completed. I see significant support around the $1,500 USD/oz level, but it could drop even lower.
We could have a big correction if global liquidity tightens or they stop printing money said
We could have a big correction if global liquidity tightens or they stop printing money said
Marc Faber
in the Middle East Investment summit, Dubai.Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
March 11, 2012
Marc Faber: Chinese Government Statistics Are Fake
Marc Faber gave an interview to Abu Dhabi based Alarabiya TV where the editor and publisher of the Gloom Boom and Doom report said that China has no growth right now. Chinese government statistics are fake and if Chinese economy slows down more they will print more. Chinese government economic figures are meaningless, because they are manipulated, which confirms that there is no economic growth in China this year in fact China’s production of steel, cement and electricity as well as the volume of its exports and car sales are stable or declining compared to last year, which is incompatible with the growth announced by the government Marc said. China is headed towards a slowdown.
Marc Faber confirmed the 25% hike in the S&P in October and November last year happened despite a very low trading. I am watching the markets right now and not doing anything, I think the markets should correct, I believe investors should not hold 100% of their assets in paper.
Regarding Gold . Marc Faber says : Gold is in a long term correction, the Euro will be saved but not all the Eurozone countries will be a part for the EU, some of them will be evicted and will be in big trouble because of their currencies.
Note: The Video Embedded Below is in Arabic Language.
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
Marc Faber confirmed the 25% hike in the S&P in October and November last year happened despite a very low trading. I am watching the markets right now and not doing anything, I think the markets should correct, I believe investors should not hold 100% of their assets in paper.
Regarding Gold . Marc Faber says : Gold is in a long term correction, the Euro will be saved but not all the Eurozone countries will be a part for the EU, some of them will be evicted and will be in big trouble because of their currencies.
Note: The Video Embedded Below is in Arabic Language.
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
March 07, 2012
Marc Faber: Buy Gold. Israel-Iran War Imminent
Investors should buy equity and gold as the only relatively good way to hedge against political risk and Middle Easy and a war between Iran and Israel said the Swiss money manager and long-term bear Marc Faber.
“I think sooner or later, the U.S. or Israel will strike Iran—it's almost inevitable" Faber, who publishes the widely read Gloom Boom and Doom Report, told Reuters on the sidelines of an investment conference.
If war breaks out in the Middle East, Bernanke will print more money as there will be no other option.
They need to finance a war. Because war doesn’t destroy corporations it is a good way to hedge.
Of course, investors must be able to live with volatility and must have cash.
"The Americans and the western powers know very well they cannot contain China economically... but one way to contain China is to switch on and switch off the oil tap from the Middle East," he said.
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
“I think sooner or later, the U.S. or Israel will strike Iran—it's almost inevitable" Faber, who publishes the widely read Gloom Boom and Doom Report, told Reuters on the sidelines of an investment conference.
If war breaks out in the Middle East, Bernanke will print more money as there will be no other option.
They need to finance a war. Because war doesn’t destroy corporations it is a good way to hedge.
Of course, investors must be able to live with volatility and must have cash.
"The Americans and the western powers know very well they cannot contain China economically... but one way to contain China is to switch on and switch off the oil tap from the Middle East," he said.
March 06, 2012
Marc Faber 2012 – Markets are overbought, a Correction is coming
Markets are overbought, technically they have deteriorated, and we have very heavy insider selling, so I think a correction is coming.
About gold, He is not convinced that the correction, which began in early September with gold at $1920, is entirely complete. Marc continues to recommend a simple allocation to 4 asset classes: 25% gold, 25% equities, 25% real estate, 25% cash. He also expects higher volatility in the next few years.
Marc Faber the author of the Gloom, Boom & Doom Report said also that Bernanke will initiate Q3 only when the market goes down 10-15%. He believes that Q3 depends on the stock market (equity prices), and the price of oil, which is still high.
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
About gold, He is not convinced that the correction, which began in early September with gold at $1920, is entirely complete. Marc continues to recommend a simple allocation to 4 asset classes: 25% gold, 25% equities, 25% real estate, 25% cash. He also expects higher volatility in the next few years.
Marc Faber the author of the Gloom, Boom & Doom Report said also that Bernanke will initiate Q3 only when the market goes down 10-15%. He believes that Q3 depends on the stock market (equity prices), and the price of oil, which is still high.
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
March 02, 2012
Marc Faber: Government Will Seize Gold
Economist Marc Faber, publisher of The Gloom, Boom and Doom report, said the government will seize privately held gold but that doesn't stop him from buying gold. He prefers owning physical gold among all commodities. He advices Americans to store it outside the USA. He expects gold price to rise expotentially. Even though Mr Faber is staying out of commodities because he is worried that China will collapse, he buys physical gold every month.
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
February 29, 2012
Marc Faber doom is not optimistic about the Euro
Marc Faber is not an optimist about the euro. He believes that overall, the USA economy is in better shape than the European economy. The results of the money printing in USA are good in terms of reviving and putting the housing bottom. That improves the economy there. According to some other experts, the USA economy stands now at the best place among the biggest developed nations (Europe, Japan), no wonder the USD is going up compared to the EUR and JPY.
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
Marc Faber on China
According to Marc Faber, the Chinese economy is weaker than perceived and is slowing fast. He is not sure if China will crash or just have a big correction but we must be careful, said the author of the Gloom Boom and Doom report.
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
February 25, 2012
Marc Faber: Western Standard of Living Won't Recover
Economist Marc Faber, publisher of The Gloom, Boom and Doom report, believes that will not recover, let alone rise. The debts everywhere are too much. There is no option to keep the system going without printing money and adding stimulus packages. He thinks that there will be an "Economic Armageddon", and the total collapse of the system will come one day. People will realize that their standard of living don't go up and one day governments will go to war. Once capitalism collapse, there will be a currency reform, all USD will be converted to some new currency. So far, the USD lost 95% since the FED was formed.
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
February 23, 2012
Marc Faber - Emerging Markets Are Extremely Overbought
India's currency has strengthened as well as the stock market which is up 14%. Emerging markets are performing best since January 2012. In USD terms, investors that bought Indian stocks, are up about 20%, in few months. That is fast, and that is why these markets are overbought near term.
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
February 21, 2012
I Like Real Estate In The U.S.
I like real estate in the U.S...Just buy a house. - in ETF Daily News
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
February 19, 2012
Marc Faber: It May Be Time to Go Long US Housing
Marc Faber, the investor and analyst best known for contrarian calls on precious metals and currencies, thinks it’s high time investors look again at U.S. housing.
The editor of the Gloom Boom & Doom Report told CNBC that homebuilder stocks were up but that property itself hadn’t followed along.
"If you look at the supply of homes, new construction, and you compare it to immigration into the United States, to the growth of the population, then these markets are very attractive from a longer-term perspective," Faber told CNBC, speaking of southern U.S. markets, including Sunbelt locations such as Atlanta, Phoenix and Miami.
Investors could make, he estimated, an 8 percent annual return on rentals at a huge discount to construction cost — as much as 50 percent in some places.
In Faber’s view, major funds would have a hard time capitalizing on the opportunity.
Hedge fund manager Kyle Bass, however, disagrees. He’s putting together a $500 million fund to buy home-loan securities once trashed as toxic — subprime loans, according to a Bloomberg News report.
Other names joining the subprime land rush include hedge fund manager John Paulson, who made billions betting the collapse, Goldman Sachs Group, and American International Group, the huge insurer that had to be bailed out by taxpayers followed the credit collapse, Bloomberg reports.
Low housing prices have hurt the economy, Federal Reserve Chairman Ben Bernanke said in a speech.
"Recent declines in housing wealth may be reducing consumer spending between $200 billion and $375 billion per year. That reduction corresponds to lower living standards for many Americans," Bernanke told homebuilders in Orlando, Fla.
Source: Moneynews
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
In Japan They Have Deleveraged And The Household Sector Is In Good Shape
I think the Japanese economy isn't in such a bad shape. They have deleveraged and the household sector is in pretty good shape. - in CNBC
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
February 18, 2012
A Good Chance That Japanese Stocks Surprise On The Upside
The most important for Japanese stocks, for them to perform well, is a weakening yen.
I think the Japanese, like everybody else in this world, will print money and once they print money and the yen no longer strengthens, I think there's a good chance that Japanese stocks will surprise on the upside. - in CNBC
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
I think the Japanese, like everybody else in this world, will print money and once they print money and the yen no longer strengthens, I think there's a good chance that Japanese stocks will surprise on the upside. - in CNBC
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
February 17, 2012
A Correction Is Coming Very Soon
"Last year, emerging markets and Europe grossly underperformed the U.S. - say in the case of India by 40 percent. So from the lows in November, the emerging markets have now outperformed the United States.
Now I think the markets are overbought and a correction is coming very soon. - in CNBC
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
Now I think the markets are overbought and a correction is coming very soon. - in CNBC
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
February 16, 2012
Keeping The High Dividend Asian Shares
Well I bought some shares in November and December of last year, and I’m not going to sell them because they are high dividend shares in Asia, and I quite like the Asian markets. - in FBN
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
February 15, 2012
S&P 500, We Don`t Know How Bad The Correction Will Be
The homebuilders in some cases are up 100 percent from the lows last October/November. The banks are up 60, 70 percent from the November lows. I would just wait here a little bit because we don`t know how bad the correction will look like... It could be 100 points on the S&P (500 Index), it could be 200 points. - in Fox Business
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
February 14, 2012
Markets Are Overbought & February Is Traditionally A Weak Month
Basically, what has happened, the market peaked out last May, then it dropped to 1,074 on October 4th on the S&P 500 Index. Now we’re up 25%. The market is very overbought right now, and any excuse for profit taking is now being taken. And I think February is traditionally a weak seasonal month, so we’ll go down first for a while. - in ETF Daily News
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
Greece Is Just A Small Appetizer
It’s a symptom of a wider problem that we have over-indebted governments in the Western world and Japan and this is just a small plate, a small appetizer to much larger problems and a much larger crisis. - in Fox Business News
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
February 12, 2012
Fox Business Video: Markets Are Overbought
Latest Marc Faber`s video interview with Fox Business.
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
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