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
Marc Faber was interviewed by Gold Seek Radio on Spetember 9, 2009. Among the topics covered are Ben Bernanke, Equity Markets, Deflation/Inflation and several other topics.
Notes On Marc Faber’s September 9 2009 GoldSeek Radio Interview
It would be wrong to assume we are in a strong recovery
We reached bottom of valley in the time being (double dip recession?)
Ben Bernanke is a total catastrophe
Housing is an a range where investor could consider buying a house (with good financing)
Marc Faber was interviewed by New Delhi Television. In his latest interview, Marc Faber states some correction is under way, especially equity markets around the world. A perfect example is China which is off 20% from peaks. Also, Marc Faber is paying special attention to the Euro after it has trading in a “narrow” range against the dollar.
“Equity markets will correct quite meaningful”- Marc Faber
Marc Faber continues to believe that money printing will result in even more money printing. According to Marc Faber, the government will go bust when interest rates rise causing interest payments to go up. The government might have to resort to war to save the economy.
Marc Faber Lateline Business Notes
You really have to be dumb to not make money when the government gives you money free at charge
You should buy banks in the short run
One stimulus package will lead to another
A system collapse will occur in approximately 5 years
Greenspan and Bernanke contained that crisis but also created the crisis
A great interview of Dr. Marc Faber with King World News. The interview is broken into 3 parts due to Youtube’s length restriction but is roughly 30 minutes long.
Notes On Marc Faber King World News Interview.
In a year or two, we should see inflationary pressure emerge
Expects deficit to increase by 2 trillion dollars next year in the U.S
This crisis has failed to completely clean the system
Wouldn’t be surprise if 15-20% market correction occurs before big run up
Market might go up due to money printing
Believes the USD can rebound in the short term, is a “lousy” currency in the long run
In his latest interview with The Economic Times, Marc Faber believes a correction is not unusual after such a powerful rally. Marc Faber also reminds viewers and investors that we are not out of the woods yet and valuations are becoming a bit stretched.
Below is the Marc Faber interview with Financialtube.com. The interview is broken down into 3 parts and is roughly 20 minutes long. Some key points of the interview are listed below
Estimates China has been growing at 0-3.5% during the current crisis
On Japan, March 2009 is a secular low for Japan. Japan currently attracts Marc Faber “as a contrarian”
Expects inflation to come due to huge fiscal deficits
In his latest appearance on CNBC, Marc Faber expects a stronger dollar and weakening assets. In addition, there is a possibility that stocks could go up due to “money printers” that are dangerous to the health of the world economy. Marc Faber continue to point out that printing money is not a form of building a strong economy. This appearance is interesting as the other “Dr.Doom” Nouriel Rubini is also live.
“I expect now for the next couple of months a period of a recovering dollar and weak assets,” Faber said. “A strong dollar means global liquidity tightening.”
Marc Faber appeared on CNBC on July 16,2009. Marc Faber is expecting an “ultimate crisis” that will “clean the system.
“If you pump money into the system and you create large fiscal deficits, you create volatility,” Faber said.
“We’ve seen an intermediate low in March, we’ll rally for a year or so or maybe 18 months… the ultimate crisis will happen much later, and the ultimate crisis would clean the system,” [click to continue…]
Some economists think that another bubble is what’s needed to get the economy moving again.
Gloom, Boom and Doom publisher Marc Faber said this is ridiculous, and that the Federal Reserve — which he holds responsible for creating the housing bubble — wants to do it all over again.
The central bank should not encourage excessive credit growth, Faber tells Moneynews.com’s Dan Mangru in an exclusive interview. [click to continue…]
