Marc Faber`s Investment and Trading Ideas - A Tracking Blog About Dr. Marc Faber , Daily Tracking of Dr. Marc Faber Investment Strategy , Market analysis & Outlook and Media appearances
April 27 -- Marc Faber, publisher of the Gloom, Boom and Doom report, was interviewed By Bloomberg's Deirdre Bolton and Betty Liu about GM Corp.'s offer to exchange $27 billion of bondholder claims to equity in an effort to help the biggest U.S. automaker avert bankruptcy. Marc Faber also said that The Federal Reserve will continue printing money , any chance is good for the FEDto print new money (Source: Bloomberg)
We live now in an environment of very, very high volatility, because on the one hand you have the private sector that has tightened lending conditions, and wealth has been destroyed. Households will save more and be more prudent financially than they've been. In other words, credit or liquidity is tightening.
Then on the other hand you have these clowns in government that think that they can solve any problem. As Mr. Geithner said recently, "we know how to fix the problems." Well if he knew so well how to fix the problems, why did he let the problems happen in the first place? He was the New York Fed Chairman when the conditions were created!
"I earned my name as ‘Dr Doom’ for predicting that stock market crash a week before it happened. It was lucky that it happened so soon after I made the prediction rather than six months later."
Marc Faber cemented his reputation further by turning bearish on the Japanese market in the late 1980s and also predicted the Asian crisis in the late 1990s. Over the course of the 1990s the subscribers to his Gloom Boom & Doom newsletter grew steadily.
April 13 ( -- Marc Faber, managing director of Marc Faber Ltd. and publisher of the Gloom, Boom and Doom Report, talks with Ken Prewitt about the performance outlook for the stock market.
Faber also discusses the impact of the civil unrest in Thailand on the country's financial markets. (Source: Bloomberg)
00:00 "Negative impact" of civil unrest 02:05 Thailand's baht, impact on global markets 03:30 Equities "overbought," correction to follow 05:58 Commodities, financial stock investments
Marc Faber, managing director of Marc Faber Ltd. and publisher of the Gloom, Boom and Doom Report, talks with Susan Li, Arnold Gay and Patricia Lui about the outlook for global stocks. Faber, speaking from Singapore, also discusses his forecasts for the bond market, gold price, dollar and his investment strategy.Source Bloomberg
Marc Faber may be one of the great financial and investment minds in the world today. Many of his market calls have been extraordinarily accurate. In 2000 he predicted $100 oil; in 2001 he said buy gold; in 2002 he warned of a deteriorating dollar and an overvalued stock market.
Marc and I have spoken at numerous investment conferences together, and have similar outlooks on many investment strategies and economic trends.
Marc agreed to an interview a few weeks ago. I caught up with him by telephone a few weeks ago at his Hong Kong headquarters. We have produced a Special Report, The Marc Faber Interview, for our clients and friends. You can view it by CLICKING HERE. I hope you enjoy it.
Sincerely,
Peter Schiff President and Chief Global Strategist Euro Pacific Capital
The Riverside Conversations: a series of conversations for television hosted by Jim Rogers. Each installment will be 50 minutes long and concentrate, in depth, on one important issue. The setting is Jim Rogers’ mansion at Riverside Drive on the Upper West Side of Manhattan, the house overlooking the Hudson and a wide stretch of New Jersey on the river’s west bank.
Three people are having dinner. They are engrossed in a conversation they take with them to the salon where they continue over brandy and an occasional cigar. The conversation is about, say, the implications of an all out American attack on Iraq, or the shape of ‘the economy’. All three are approaching the conversation from a global perspective; all three are able to connect the political with the economical, the past with the future, and today’s delusions with tomorrow’s likely realizations.
The host, Jim Rogers, historian, philosopher and investor, is driving his two guests towards clear statements, towards explanations and predictions that may be complex but are still down-to-earth, clear cut, tangible, and even practical. His intention is to push his two guests gently but firmly not so much into high sounding intellectual positions but into statements that provide others, the viewers, with insights and instruments on which to build their own future behavior.
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All of us have to deal with many, many things. But it is getting increasingly hard to deal with the repercussions of what it means to truly live in a globalized world. We all get to hear about the crisis in Argentina, the Enron scandal, the failure of the ECB to make its mark, the impending attack on Iraq or the results of the Johannesburg Summit on environmental matters. We all know these things affect us, somehow. Some of us even realize that the many connections between our individual lives and what happens in the world are much more direct and concrete than we would have bargained for. But only a very few know how to shortcut to the essence of these issues and define the alternatives and tools necessary to be able to make judgements and decisions on the level of actually coping with these problems on an individual level. To put it differently, more and more of us have become ‘global consumers’. We either directly or indirectly (through our pension funds) invest all over the world, we support NGO’s that have a global presence, we think about where we want to live when we’re 64, we need to decide where our company will go, what our children will study, how to find co-supporters for causes that have far outgrown the level of the nation state, etc., etc. As global consumers we need to know so many things in order to be able to make the decisions necessary for our own survival. We do know how to get at the ‘facts’ because they are everywhere: on the internet, in all those magazines and papers, on television and radio. But the more facts, the bigger the confusion, that is how it often works out for most people. How to enlighten ourselves? Which filters to use?
The media are not into connecting the dots, they are into selling the dots. The politicians are not into connecting the dots, they are into winning votes by manipulating the dots.
The aim of The Riverside Conversations is to connect the dots. It is being produced for those who are interested in how to deal with the bigger picture, how to cope with global developments. It’s produced for students and CEO’s, for members of national parliaments and people who ponder their retirement plans, it is for all who realize they live in a new, truly global world.
To be clear, the series is not going to tell anyone to invest in company X, or to buy a house at the Bay of Y. The conversations are about what bigger issues mean and will mean, about identifying and even predicting trends, about the correlation between politics, culture, demographics and economics. They take up a current issue in order to highlight the future in such a way that future action may be built on it. Because that is what we need.
The guest are selected anew for each episode. Jim Roger’s dinner guests in the first episode (recorded in New York on February 4, 2003 and broadcast five days later) are the Swiss investor Marc Faber, who operates from out of Hong Kong but flew in for the occasion, and the American Pulitzer Prize winner and oil expert Daniel Yergin, who’s office, CERA, is in Boston.
The series is based on a collaboration between Jim Rogers, the host, and George Brugmans, the producer. the action takes place in Mr. Rogers’ mansion in New York
Dr Marc Faber was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude. Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, which acts as an investment advisor and fund manager.
The Fundamentals Have Never Been Better For Gold
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"The fundamentals have never been better for gold. The fact that there’s
so much negativity...
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