Yep, been bearish for a while and they do always get it right eventually. He doesn't often give a time frame but an around a bouts. Picked the oversold point pretty closely at the bottom of the crash. Hard not to agree with his general philosophy though. The US debt and QE policy is bound for medium to long term pain. He's just very colourful with how he describes it some times which gets him a regular gig on CNBC and the like.I remember Faber was calling crash every year from 05 well he did get it right just took a little while.
Yep, been bearish for a while and they do always get it right eventually. He doesn't often give a time frame but an around a bouts. Picked the oversold point pretty closely at the bottom of the crash. Hard not to agree with his general philosophy though. The US debt and QE policy is bound for medium to long term pain. He's just very colourful with how he describes it some times which gets him a regular gig on CNBC and the like.
I remember Faber was calling crash every year from 05 well he did get it right just took a little while.
yes if any of his predictions actually come true, there would be 2 people on earth clutching themselves in caveman suits with fire and brimstone all around them.
The guys is a classic pessimist to the extreme. Eventually he will get a call right. If you keep calling for a market crash, eventually it will, so he will get 1 / 1000 calls correct.
They say this is not massive money printing, but first they are wrong; and second, monetary authorities in the United States did not see the crash coming and the unsoundness of the financial system. In fact, right up until the crash they were saying that nothing like what happened could ever happen. So money printing and zero-percent interest rates, which have distorted the economic recovery and the landscape in the United States and Europe, have become a substitute for sound, pro-growth, fiscal regulatory tax policy. As a result, they say they are not concerned about inflation. This monetary policy, $3 trillion of bond buying in the United States, $3 trillion in Europe and another $2.5 trillion to $3 trillion in Japan, is unprecedented. It is not the case that they know the ultimate inflationary potential when this low-velocity money gets back into the system and acquires some velocity. If and when people lose confidence in paper money because of repeated bouts of quantitative easing and zero-percent interest rates””it could happen suddenly and in a ferocious manner in the commodity markets, in gold, possibly in real estate””interest rates could go up at the long end by hundreds of basis points in a very short time - Paul Singer
Marc Faber – Advice For Gold Investors in 2013
http://marcfaberblog.com/marc-faber...=Feed:+TheMarcFaberBlog+(The+Marc+Faber+Blog)
Not all doom and gloom, says Marc Faber
http://www.afr.com/p/markets/not_all_doom_and_gloom_says_marc_2ecWXUKT4ormiHlSMsIVSN
Yep....not all doom and gloom from Marc.....
From ZeroHedge....
"While we have all heard the apocalyptic prognostications by the accented Swiss, and there is little doubt where the Gloom and Doom reside, here is some very unexpected advice on the Boom. Make that the "Boom Boom"... room...."
(watch the video):
http://www.zerohedge.com/news/2013-05-14/and-now-some-totally-different-advice-marc-faber
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