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

Marc Faber On Bloomberg May 6, 2010

• The cause of the sell-off is that markets went up too much, too quickly
• The market was overbought, ahead of itself, and headed for a correction
• We will have a meaningful decline
• We made the high in April
• Sooner or later the Governments will go bankrupt
• The only way they will survive is by continuously printing money

Marc Faber On Bloomberg May 3, 2010

• The Euro will remain weak, and there will be more bailouts
• All government’s in the Western world, will all have to be bailed out
• It is time to kick Greece out of the EU;
• The best is for Greece default
• The Chinese economy is going to slow down
• We will likely have a Chinese crash in the 9-12 months
• Chinese will become big buyers of gold if there is a crash
• All currencies are doomed
• Agricultural commodities look attractive

Marc Faber 2010 Outlook

Marc Faber -China Bubble

The future isn’t rosy for the U.S. in 2010. Marc Faber expects 2010 to be much more difficult after a 2009 stock run from its March lows. One of the biggest, if not the biggest, concern for Dr. Faber is the national debt and its interest rates which will potentially go up in the next 5 years. Also on Marc Faber concerns are credit bubbles in China and Dubai along with rising stock prices in certain emerging markets.

“Money printing doesn’t create wealth”