Dr. Marc Faber is a “depressive optimist” according to his latest interview with Bloomberg. He continues to worry about the people involved in the crisis, specifically Ben Bernanke and Tim Geitner as they were responsible for getting the economy in this mess in the first place. Among the topics covered are interest rates, the global economy, equity markets, inflation, etc..
Notes On Marc Faber’s September 2009 Interview With Bloomberg
- Global economy is recovering or at least stabilized
- Worried about policymakers who were largely responsible for crisis
- Doesn’t like current Bull Market, as it is not based on solid fundamentals
- You cannot build wealth on consumption and the lack of savings
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great interview here.
So cash… is not king – unless it’s made of gold
Mac