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

Notes Marc Faber On Bloomberg Radio- May 24, 2010

• Seeing burning building in Thailand was a shock
• The entire region has become much more “China centric” and that has a concern for the long term
• Market became overbought in April
• Right now, U.S. bonds might be better option than sovereign debt
• Currently doing very little with capital because Faber believe we are in correction period and markets might decline 10-15%

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

If what Marc Faber says comes true, we are in for one big bumpy ride. Just when everyone thought the coast was clear, we find out that the current Dubai credit crisis might be the tip of the iceberg. Below is the latest Marc Faber interview with Bloomber which took place on December 1,2009. As the Dubai crisis occurred over the weekend, it was only a matter of time before the Dr.Doom’s of the world will get their chance to analyze the situation.

Marc Faber Bloomberg October 2009

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 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

- dollar will recover somewhat;
- bonds will rally;
- industrial commodities will be under pressure;
- gold will trade sideways to moderately down;

Below is the the accompanying video