Now you need a machine gun Marc Faber

Marc Faber on Lateline

Marc Faber : "having faith in the US administration? I wonder WHO on Earth would have faith in the US administration. Certainly, not someone who thinks!"
"Ben Bernanke is like a ship captain , he has warning signs he sails the ship , the storm is coming , he disregards any warning signals , he disregards the storm signals , he sinks the ship thousands passengers drown , he saves the crew in his control tower 5 officers and himself in a life boat , then he gets the medal for bravery for saving 5 people , that's wall street the 5 people , the rest of the country is basically bankrupt " "It's a total joke "
"whoever would have been appointed would have been Obama's puppet , there is no better choice "
"now you need a machine gun!"
"It's very difficult for me to make any forecasts out 9-12 months myself, because I have to see to what lengths the government and Fed will continue to go. My assumption is there is nothing that will stop them - they don't have to face voters until August 2010 recess so the piggy bank is their oyster for the next 11 months."

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Marc Faber Lateline TV Australia Peter Schiff economy economic collapse crash gold silver oil bubble doom inflation depression recession rogers faber ron paul ben bernanke euro dollar currency crisis stagflation commodities bear bull market

Equities will disappoint over the next 3 Months

Correction to be more severe than predicted , The Rate of gains in equities has diminished

Marc Faber : I don't think one should look only at indexes ,but very clearly a lot of stocks are today no higher than hen they were in May, like the oil shares , resource stocks are by in large down from the peak in May June of this year.

So, some correction has been under way already and also in global markets we had corrections like China is now down almost 20% from the peak and is no higher than in June.

So I think after this huge run up in stock prices we had between March 06 which is the low for the S&P 500 and June, since then the market has continued to go up, because the big move was between March and June 43 % and after that we just went up 7%

And also I would like to point out that the Euro has been trading in a very narrow range against the US dollar, since June we are at the same level around 1.4300. And I believe in the next 10 days to 2 weeks, we will have big moves in the markets and I wouldn't be surprised if the dollar strengthened and equity markets would correct and possibly quite meaningfully so.
...We had a tremendous rally in equities from the march low to around June 15 and after that equity markets continue to go up but at much slower rate , in other words between march and June in the US we went up by 43% and since then we were up 7%...Via NDTV watch the Interview here
Dr. Marc Faber is an icon in the world of investments, Dr. Faber's typically controversial and contrarian views have earned him the label of Dr. Doom .Dr. Doom also trades currencies and commodity futures like Gold Natural Gas and Crude Oil.Even his harshest critics must admit that he's been unerringly correct in his market forecasts over the past three decades.

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Equity Market will correct sharply Marc Faber on NDTV Sept 1st 2009

Expect big moves in the dollar in the next 10 days

Investment guru Dr Doom Marc Faber said that the correction in equity markets was overdue after the huge run-up since March and currency markets are due for a change in its course.Correction in markets is already underway , China is off 20% from peaks , Currency markets due for a change in course , Since June Euro trading in a narrow range against the dollar , Expect big moves in the dollar in the next 10 days , Dollar will strengthen , equities will correct sharply , Market correction to be led by valuation concerns , Rate of gains in equities has diminished , USD to rebound , Faber then speaks about a wide range of topics including China , India agriculture commodities etc...

Japanese market could have quite a rally after it bottomed last october

Marc Faber and other experts on the outlook for the Japanese stocks following the Elections

Marc Faber, editor author and publisher of the Gloom, Boom & Doom Report and John Alkire, chief investment officer at Morgan Stanley Asset and Investment Trust Management speak about the outlook for Japanese stocks following the Democratic Party of Japan's victory in general elections. Family Office Research & Management's Tom Murphy, Bank of Tokyo-Mitsubishi UFJ Ltd.'s Naomi Fink, AMP Capital Investors Ltd.'s Kerry Series, Wells Capital Management's Anthony Cragg, and Mizuho International Plc's Seijiro Takeshita also offer their views.
Source Bloomberg TV
WATCH VIDEO BELLOW

Japanese Stocks Could Rally on Election Marc Faber

Marc Faber on Bloomberg 28 Aug 2009 about Japanese elections and equities

Marc Faber author publisher and editor of the Gloom, Boom and Doom Report, was on the phone this morning with Bloomberg Television commenting about the Japanese elections on the Japanese stock market , he also analyzes the global outlook for the Asian markets. Asia will become more Asian Centric said Marc Faber
Dr Marc Faber aka Dr Doom is one of the world's best known economists, author publisher and editor of the Gloom Boom and Doom report, and author of Tomorrow's Gold

We have to distinguish between the stock market and the real economy Marc Faber

Dr. Marc Faber shares thoughts on global financial recovery on ABC Lateline Business Interview 26 Aug 2009

MARC FABER: We have to distinguish between the stock market and the real economy. The real economy began recession in late 2007 and then between September 2008 and March 2009 we fell off the cliff. And then we were at the very low level of economic activity. And then the huge stimulus packages kicked in and the money printing kick kicked. In other words zero interest rates and quantitative easing by the Federal Reserve and also other central banks.
That then stabilized the global economy and when you have car sales dropping 50 per cent and more, then you of course will have a rebound. But the question is how sustainable the rebound will be, or is this rebound at the present time borrowed from the future? My sense is that - and here I am talking about the economy - that the economy in the near term can recover and maybe the recovery will be somewhat lengthier than expected. The crack of boom because the first stimulus package in the US, probably will be followed by a second one, and money printing will lead to even more money printing next year, so it can last 12 to 18 months. And then we will get another set of problems arising from ... each government action has unintended consequences.
Dr Marc Faber aka Dr Doom is one of the world's best known economists, author publisher and editor of the Gloom Boom and Doom report, and author of Tomorrow's Gold

Marc Faber Interview with the Economic Times 20 Aug 2009

Marc Faber's view on global markets

“We had a very powerful rally starting at the beginning of the year and after March many emerging markets have gone up over 100 per cent or so. So, a correction is nothing unusual at this stage of the cycle. Although the global economy has stabilized, we are not out yet of the woods and valuations have become somewhat stretched. Stocks didn’t go up necessarily because of improving fundamentals but because of liquidity injection and large stimulus package from all over the world,” said Dr Marc Faber speaking author editor and publisher of the Gloom Doom and Boom Report and investment guru in an exclusive interview with the economic Times ET Now speaking about the the global markets

This is a Liquidity driven Rally Marc Faber

Dr. Marc Faber on King World News 22 Aug 2009

This is a Liquidity driven Rally Marc Faber
Dr. Marc Faber is often quoted in both national and international media. He has appeared at one time or another in virtually all financial media such as Bloomberg, CNBC, etc. and is a regular contributor to several leading publications around the world, Forbes and "International Wealth" a sister publication of the "Financial Times" amongst them. Others include Die Welt, Finanzen, Boerse, Swiss Radio, Apple Hong Kong and Taiwan, Quamnet, Winners, Wealth and Oriental Daily. These, he writes on a regular basis. He also writes occasionally for the Herald Tribune, Wall Street Journal. He is the Editor and Publisher of The Gloom, Boom and Doom Report and his website can be found at GloomBoomDoom.com. In this interview Marc talks about dubious financial practices, deflation, inflation, hyperinflation, effects of hyperinflation, the U.S. stock market, excessive financial speculation, stimulus packages, the U.S. Dollar, The Fed, Bernanke and much more.

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Marc Faber China economy will eventually implode

Marc Faber My guess is that Chinese economy is growing between 0% and 3.5% despite the stimulus

The big question is when is the Chinese economy also implode " may be it will happen in 2010 , in China there is an investment bubble ...the total collapse is ahead of us and probably a world scale war...

U.S. Inflation Expectations Increase

Investors who bet on inflation usually can buy gold or they can put money into chips but JP Morgan says gold is the better bet. (The Bloomberg Edge) , Marc Faber have been warning about inflation / hyperinflation in the US market to hit any time soon if nothing is done to fix the fundamentals of the US economy....

The central bankers are nothing else than money printers Marc Faber

The US is the least cyclical economy agrees Marc Faber with Nouriel Roubini

"Basically what we have this bull market in assets between 2002 and the end of 2007 early 2008 and a weak dollar during that time , 2008 was the opposite , a strong dollar and all assets markets went down except for bonds and now in 2009 we bottomed out on the S&P at 666 in march and since then have rallied strongly and in emerging markets even more but the dollar was weak , and I expect now may be for the next couple of months a period of recovering dollar and a correction time in asset markets " says Marc Faber "The Us is the least cyclical economy as Professor Roubini pointed out emerging economies are essentially more cyclical than the US economy , they're like a warrant on US economy , and I think in a scenario where growth will be disappointing , I think emerging markets are kind of vulnerable they also become the favorite investment destination by momentum players , and I think we had huge increase in stock prices a lot of markets have doubled in price between march and just now a couple of days ago and so a correction is possible , but having said that I would also argue that the worse the global economy is the more stocks could go up because we have all these central bankers who are nothing else than money printers " "they created first the NASDAQ bubble and then the housing bubble and now they want to create another bubble to bail them out and that's of course not a recipe for a healthy sustainable growth"
"Usually an economic and financial crisis leads to some fundamental changes. That is the purpose of a recession, of a depression, to clean the system," said Faber
"Let the derivatives players go bankrupt and the system is clean," "The total breakdown of the system is ahead of us and it will devastate the global economy."

"My view is that the Fed and the other central bankers will leave interest rates far too low and far too long," Marc Faber added.

Inflation vs Deflation The Debate Continues on the Gloom Boom and Doom Report

Marc Faber has just released his Gloom Boom & Doom Report in which he goes more in depth into the inflation vs deflation debate

"If deflationists are right (and they could be right in the near term, in my opinion), then the US government bonds and the dollar will rally, while stocks, commodities, real estate, and lower-quality corporate bonds will tank. But if I am very confident about making one prediction, it is that, if we have further deflation in the immediate future, there will be not one more, but many more stimulus packages and further massive monetisation. So, government debt-to-GDP could easily double within five years. Now, does anyone seriously think that the dollar and government bond prices wouldn’t at some point begin to reflect concerns about the financial condition of the US under these conditions? " Marc Faber said in his report

click to read more of Marc Faber's Gloom Boom & Doom Report of August 2009