Monday, July 6, 2009

Marc Faber Bearish in Markets Optimist in Life


Marc Faber the author and publisher of the gloom Boom and Doom report , he is also one of the leading world investors and forecasters , and despite his bearish forecasts throughout the past few years, he is very optimistic about life. CNBC quotes him regarding the keys to optimism:

"Marc concludes optimism comes from some simple but important principles:

The ability to adapt to change: whether economic, financial, personal or social.
Accept responsibility when things go wrong that are your fault, and don’t blame others.
And take comfort in the dynamism and drive of the human race. Marc points to Asia – where he has lived for several decades and witnessed the transformation of lifestyles."

Source:
Marc Faber on Armageddon

The Only Economy Booming is the Government Sector : Marc Faber

Marc Faber on a Czech TV :

This interview was done around March 2009 I post it for reference purposes , so relax everybody , I understand your frustration we all want to see Marc Faber in main stream media everyday , but this cannot happen ...
Industrial Production of Japan is 45% down , the exporting economies of Asia have been hit very hard ...
equity price home price commercial real estate commodity prices all have collapsed , totally imploded , we are still a long way to see a bottom to the decline , we have falling off the cliff , the only one hiring is the government , most private businesses are down 50% , the only booming economy is the government sector ,

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