Tuesday, July 20, 2010
"Their expectations about investment returns are completely unrealistic… Most investors buy a stock or make an investment with the view that within a month the return should be between 10% and 20%," he added
"If you can achieve an annual average real return of just 3% on all your assets (inflation adjusted), you will leave a huge fortune to your children".
"The prime consideration should always be capital preservation and avoiding large losses," Faber concludes
Monday, July 19, 2010
“I would not pay too much attention to what they say but to what the markets do and it seems to me that the people that predicted the Dow Jones at 1000 or S&P at 500 or 200 are misreading the facts that under a fiat monetary system you can print endless quantities of money and so stocks may adjust in real terms but not necessarily in nominal terms to the extent that the super bears are predicting.”
Sunday, July 18, 2010
Marc Faber : you should own farm land in order to stay clear in a case of war , because I believe that before the whole system collapses the governments will start inflating the money supply by printing more money until the situation is no longer sustainable , after that the government will start a war , the worse place to be in such a case would be a financial center City , this way the government will turn the attention of its people towards a newly fabricated common enemy, another incentive for war would be the shortage in basic commodities ...
Saturday, July 17, 2010
Mish : we have been heavily in treasuries and moist people mocked that , but we've done rather well in treasuries , I think treasuries still have little life left in them certainly treasuries are no where near the buy when at ten year was 4 percent now its down to three ...I think it's quite possible and we need to keep an open mind in this that the bull market in treasuries is not over ...in fact if you look at two years treasuries we are floating at all time record lows right now .....
Friday, July 16, 2010
July 16 (Bloomberg) -- Marc Faber, publisher of the Gloom, Boom & Doom report, says he's "convinced" the Federal Reserve will soon implement "massive" quantitative easing policies. Bloomberg's Sara Eisen reports. (Source: Bloomberg)
Thursday, July 15, 2010
Marc Faber : stocks may adjust in real terms but not necessarily in nominal terms to the extent that the super bears are predicting
Marc Faber : not convinced of austerity measures as the way to go , Expect fiscal deficit to remain high
Marc Faber : Well Basically we got very over sold at the beginning of July and since then we rallied quite strongly , I think that we can rally some what more but if we look at the S&P the low was 1010 and the previous support was 1040 and the top at the end of April was 1219 so around 1170 there is a lot of resistance and it will be very difficult for the market to get through that resistance ....
we have to distinguish between what central Banks and the governments in the western world say and what they will do , I am not a great believer in this austerity that they are proclaiming , I think the fiscal deficit will actually stay very high or even increase and I think that if they decrease the fiscal deficit then it will be offset by very expansionary monetary policy in other words monetisation , so the whole burden to support the economy will fall on the monetary policies then they'll print money like crazy and so I would not pay too much attention to what they say but to what the markets do and it seems to me that the people that predicted the DOW JONES 1000 or S&P 500 or S&P 200 I think they're misreading the facts that under fiat monetary system you can print endless quantity of money and so stocks may adjust in real terms but not necessarily in nominal terms to the extent that the super bears are predicting ...
Nouriel Roubini Gary Shilling David Rosenberg these are the true deflationists says doctor Marc Faber they advice to be in US government bonds and to basically avoid everything else ...adds Marc Faber : I do not think that the US Bonds are desirable investment for the next 5-10 years....Investments in US Bonds and cash may be a very risky strategy in the long run , Dr Faber rather sees inflation coming than deflation : I am not a great believer in deflation , all the prices around the world are going up says Dr Faber ...
Marc Faber, investment guru and editor and publisher “The Gloom, Boom & Doom” report, said that markets were in an oversold zone in early July and since then global markets have rallied strongly and could rally somewhat more.
Tuesday, July 13, 2010
Sunday, July 11, 2010
Dr. Marc Faber author and editor of the Gloom boom and Doom report advises against the use of leverage for small investors , Marc Faber says that he is not sure about deflation ,he believes that the Gold bull market will continue and along the way of this bull market corrections may happen ....Marc Faber is not convinced that bonds will rally past their previous 2008 highs "All I have to say to deflationists : if they're right and we have wide spread deflation I am not sure that treasuries will rally because the fiscal deficit will go ballistic and the quality of the government debt will diminish " says Marc Faber...Faber believes that the stock market may have topped in April , The Federal Reserve have been bubble blowers and Obama is a complete disaster says Dr. Marc Faber , stocks will outperform bonds says Marc Faber ....finally due to the coming hyperinflation Marc Faber recommends some gold, equities, and some cash. But no bonds.
Saturday, July 10, 2010
Friday, July 9, 2010
Dr. Faber has over 35 years of experience in the finance industry and is the Managing Director of Marc Faber Ltd., an investment advisory and fund management firm.
read full story >>>
Thursday, July 8, 2010
One group will say the others don’t understand anything about global warming and the others will prove that the global warming today is what it was in the past 1000 or 2000 years.
There were period during which there were waves of warming climates and then waves of cooling climates. The last 10 years incidentally the climate has cooled down, it has not become warmer but I have to admit when I go to Switzerland, the glaciers are smaller than 30 years ago - that I agree. But I hear both arguments and I cannot tell you what is the reality. I just don’t know. I am an economist, I am not the scientist and even the scientists disagree with each other.
in Economic indiatimes
Wednesday, July 7, 2010
Tuesday, July 6, 2010
And American politicians don't have a sense of urgency, Ferguson contended. They feel the country can limp along for another 20 years or so in its current financial health without making tough decisions about fiscal policy. He believes they are wrong. The federal government's debt has grown so large in the past decade that the United States will inevitably devote an increasing amount of taxes to it. Meanwhile it's facing a greater burden through the Medicare and Social Security programs as Baby Boomers age. It's also currently fighting two wars. All that while revenues have plummeted in the recession.
“If you really want to see when an empire is getting vulnerable, the big giveaway is when the costs of serving the debt exceed the cost of the defense budget,” Ferguson said. That will happen in the United States within the next six years, he predicted.Read More >>>
Sunday, July 4, 2010
Niall Ferguson Business Prof at Harvard sees a different solution to the U.S. economy from Paul Krugman.
Saturday, July 3, 2010
Thursday, July 1, 2010
Tuesday, June 29, 2010
When paper money is devalued what will you have to trade for goods or services. Trust in Gold, silver, platinum, palladium, copper, nickel, aluminum, brass, lead ;-) its all good!
Monday, June 28, 2010
Sunday, June 27, 2010
“I’m convinced the US government will go bankrupt, but not tomorrow. Before they go bankrupt, they’ll print money, and then you’ll get very high inflation rates. Then you get a depression with high inflation. Then eventually they’ll go to war.”
Friday, June 25, 2010
"I'm convinced the US government will go bankrupt, but not tomorrow, and before they do they will print money , you'll get a depression with very high inflation rates."
Marc Faber Speaking at Russia's Troika Dialog Forum in Moscow early this year
Thursday, June 24, 2010
in India Economic Times
"I think that governments have become like a cancer, they have expanded in the financial system."
"I think the biggest problem is too much intervention. Whatever the government touches is usually done worse than in the private sector."
"I think any government intervention has unintended consequences and is negative," he said. When there is intervention, "eventually the market will break the intervention and things will blow out."
Government stimulus packages create volatility in stock markets because they distort economic indicators, said Faber, who predicted that the US will implement another stimulus.
Supporters of past government interventions to boost money in the economy have said that without them the world economy would have been in much worse shape now, with unemployment much higher and more companies going bankrupt.
"Yes I am familiar with this line of argumentation," Faber said. "The Keynesians will all say … we would be in a depression now. But it's not clear to me that this is correct."
"At this level I'm not particularly interested in buying anything," he said in response to the deflation argument. "I buy gold, I don't know what else to buy."
He reiterated his view that another, worse crisis may happen in five to 10 years, "when the whole financial system collapses" because the debt problem has been kicked down the road without actually being sold.
"I think US Fed, ECB and other central banks have no other option, they will continue to monetize and buy bad paper, period," Faber said. "The central bankers are precisely the ones that don't know that excessive money creation and excessive debt creation leads to a crisis down the road."
Marc Faber on CNBC's Squawk Box Europe -- June 17, 2010 Click Here to Watch The video >>>
Wednesday, June 23, 2010
Via India Economic Times
from Wikipedia : Dr. Mohamed Abdulla El-Erian (born 1958) is the CEO and co-CIO of PIMCO, the world’s largest bond investor with over US$1 trillion of assets under management as of 2010. El-Erian previously worked as the investment manager of Harvard Management Company, Harvard University’s US$34.9 billion endowment fund, where he spent almost two years. On September 12, 2007, it was announced that El-Erian would return to PIMCO and take up his new roles starting January 1, 2008
Tuesday, June 22, 2010
EL-ERIAN: They are not as exposed to the European banks as they are to each other but we are all exposed to the global banking system. Banks are very inter-linked. And the minute you start having disruptions, the minute the flow through the pipes starts to be interrupted, then everybody suffers. And the concern is that Europe's banking system may come under pressure. Those of us that are in the trenches, those of us who look at the plumbing for the last couple of weeks we have started to see some strains and the news out of Spain this weekend was really the announcement to the rest of the world that the European banking system is coming under pressure.
for the full transcript and to donate to PBS click here >>>
Marc Faber :"I avoid US government bonds I think as a contrarian you really want the contrarian play. You should buy Japanese stocks and Japanese banks this is the absolute contrarian play. Nobody is interested in Japan all the funds have withdrawn money from Japan they have given up on Japan I guarantee you the economy would not do well, forget about the economy
the population is shrinking but you can have an economy that does not do well but the companies do well that is a big difference and I think the Japanese banks are very depressed. All the banks in Asia have actually recovered very strongly but not the Japanese banks so as a contrarian play I would look at that."
In India Economic Times
Monday, June 21, 2010
By MARC FABER
in The Wall Street Journal
Dr. Marc Faber Tomorrow's Gold
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.
Robert Kiyosaki : The losers in life think they have all the answers - Robert Kiyosaki : The losers in life think they have all the answers. They... [[ This is a content summary only. Visit www.figanews.com for The full Stor...2 hours ago
Roubini : The Too Big to Fail has only become more true since 2008 - Roubini on why the Federal Reserve keeps issuing... [[ This is a content summary only. Visit my website : www.nourielroubini.blogspot.com for full story! ]]2 hours ago