This follows Marc Faber’s Bloomberg Radio interview and is a bit more informative as the topic of Thailand’s turmoil isn’t touched.
Marc Faber: Bloomberg Interview May 25, 2010
- The market is currently oversold in the near term, and markets could rally a bit
- “The banks are gone” but interest rates are at zero
- June-July are months in which we usually have a summer rally
- Bearish about everything
- Fiscal deficits are high and will continue to go up
- Gold might go down somewhat more, but is quite happy to hold considering what’s going on
- Government officials should resign
- Eventually sovereigns will default
- In the long term, we are doomed
- The only assets that will keep purchasing power are precious metals
If you enjoyed this post, make sure you subscribe to my RSS feed!
{ 0 comments… add one now }