Sunday, September 4, 2011
Saturday, September 3, 2011
Friday, September 2, 2011
Thursday, September 1, 2011
Wednesday, August 31, 2011
Tuesday, August 30, 2011
Monday, August 29, 2011
Sunday, August 28, 2011
Saturday, August 27, 2011
Friday, August 26, 2011
Marc Faber on CNBC Tue 23 Aug : Marc Faber, Gloom, Boom, and Doom Report, who adds that everyone should hold some gold because it is a form of cash. : " I would expect a correction in Gold to occur Marc Faber :"I'm not certain that people should buy gold today because we have a huge run in precious metals recently and they need to consolidate or shake out the weak holder. I would expect the correction in gold to occur. I think that everybody should have some gold if they want to own some cash because gold is the most honest form of cash people can own" "well, it's (ETFs) a claim on physical gold. i prefer if investors hold physical gold in a safe deposit box ideally outside of the u.s. in various locations, Switzerland, Singapore, Hong Kong, Australia, Canada. " "I think it's important in today's very uncertain world to diversify not only the various asset classes, in other words equities, bonds, gold, real estate and also the custody of your assets should be in different jurisdiction , I don't trust anyone"
Thursday, August 25, 2011
Wednesday, August 24, 2011
Tuesday, August 23, 2011
Marc Faber : " we had a rally from the low of the 9th of August at 1101 on the S&P , to almost 1200 and then we came right down again and basically we did not make new lows and now I think that we can rally again for a while " Marc Faber says " ...what I mean is I think a lot of people will think the market formed the double low and we have some technical indicators that are going to turn positive and so we could rally to around 1250 but as I said before for me we reach the high on the 2nd of May 2011, 1370 on the S&P that we will not go through "
Marc Faber : "I think this is a huge risk and it is a much larger risk for the global economy than it is for the US , because the US is no more a large commodity buyer China is , and If Chinese growth really slows down or if they have a crash as some analyst say they may have , then it obviously will impact the economies of countries like Australia the middle east Brazil Canada and so forth and of course also the property market of Vancouver Hong Kong Singapore Sydney and then it will back fire in the sense that these economies that produce commodities are falling commodity prices they'll buy less goods from China , so it could trigger a vicious circle on the downside and I would say there is a fairly good chance that this could happen,This would really be something that the world central bankers wouldn't be able to help with printing money , they may be able to print money but it wouldn't really help the real economy it may help the financial economy to support equity prices " "I do not think it will be a trade war , I believe and that's why I am ultra bearish about everything , that being ultra bearish about everything I think you better off in equities than in bond or in cash probably the best will be in precious metals , but basically I see that ten years ago a huge shift in the balance of the economic power begun from the western world notable from the US and western Europe to Asia and emerging economies , we have today in the goods market I am not talking about services because services are very difficult to measure but in the goods market the emerging economies are much much larger than western Europe and the US even combined , so this shift in the balance of economic power to emerging economies is accompanied by a shift in political and military power and that the west will not just set there and do nothing , I mean the Libyan expedition is the first shot , I think the western world want to control China by controlling the oil supplies from the middle east and then it will come to war and in war times the one thing you do not want to is in the US government debt bonds equities will do OK and precious metals and some commodities will do very well but I would prepare for the worst but when you think it is true in the worse scenario you do not want to be in Cash US Dollars and in the US Government bonds
Monday, August 22, 2011
Sunday, August 21, 2011
I dont believe a single word of what the Bureau of Labor Statistics is printing about inflation figures
Saturday, August 20, 2011
1.) Avoid Treasuries.
2.) Cash is trash.
3.) Stocks offer some safety.
4.) Emerging markets will expand.
5.) Gold is worth its weight.
Read More @ Barron‘s Blog >>>>>
Friday, August 19, 2011
Thursday, August 18, 2011
Wednesday, August 17, 2011
Tuesday, August 16, 2011
Monday, August 15, 2011
Marc Faber : well basically we have a lot of volatility as you know the last 12 months the S&amp;P rose from 1010 on July 1st of 2010 to the peak of May 2nd of this year 1370 and then we dropped four days ago to 1101 and now we are at 1178 so we have a lot of volatility as in the market may rebound somewhat more because we are very oversold and some technical indicators have turned positive including also insider buying , but in general I think it will be extremely difficult for stocks to make a new high and after this rebound I think we'll drift lower it is not to say that we will collapse because if the S&amp;P dropped to around a thousand or so the FED will certainly pump again money into the system the concept of valuation is very difficult to make when you have zero interest rates , I can make a case that actually the price of Gold is still undervalued compared to say to mi 1990s when it was traded at 400 dollars , so it is very difficult to say what is valued in this environment is a Picasso a good value or is it over valued ? I don't know but stocks measured by prize earning ratios and considering that probably the economy will be weakening and that corporate profit may disappoint may not be quite as cheap as all the strategists claim I believe all the central banks in the whole world will print money and that eventually we will have symptoms of inflation they may not necessarily all be consumer based prices they can be manifesting themselves with insurance premiums going up with transportation going up energy price going up food prices going up educational costs going up these are inflation measures also and the weakening of the US Dollar that happened , now near term the US Dollar can rebound somewhat , possible but in the long run it is simply a doomed currency that's where the doom comes in
Sunday, August 14, 2011
Friday, August 12, 2011
Thursday, August 11, 2011
Marc Faber : the fundamentals of emerging economies are far better than the fundamentals of European countries and the fundamentals of the United States
Wednesday, August 10, 2011
Marc Faber : I think they did the right thing that they did not announce QE3 , so they can watch the reaction of assets whether they go lower , I think the market is more likely to move still lower , we are very over sold we can have a rebound like we have today may be we will have a rebound next week or so , but in general I thing we will test the July lows of last year , the S&P at 1010 after that probably we will get kind of QE3 announcement ....
I think the FED is underestimating the severity of the coming economic downturn , and also they've shot out essentially they've spent their bullets , it is very difficult to follow with QE2 right here because you have gold prices going ballistic and you have the dollar being very weak and so there are unintended consequences with implementing QE3 right here ,
....actually the best thing they could (The FED ) do for the market would be to collectively resign , this is my view ...everybody in the world have become a Keynesian everybody thinks the government should do this the government should do that the FED should do this the Treasury should do that , I think sometimes the FED should do nothing and I welcome the decision today that they are not doing anything worse of what they have already done ...
I want to ask you , what have QE1 and QE2 done to the labor market ? Nothing at all , it has done nothing for the housing market , it lifted stocks and it created wider wealth inequality in the sense that people that own assets have done very well and the people that are the lower income recipient groups they are hurt by rising energy prices and rising foo prices ....
Tuesday, August 9, 2011
Monday, August 8, 2011
Marc Faber : ...S&amp;amp;P basically downgraded a junk bond because it is no longer a triple A , a government bond has a triple A rating when it is willing to pay the interests in a stable currency we are not dealing in this particular case the US Dollar with a stable currency The rating agencies are looking backward and not forward , The US fiscal position is a disaster if you include non funded liabilities and some kind of default will occur , now there are two ways a government can default , it can default by not paying the interests and restructuring its debt as happened in Argentina and in other countries repeatedly , or it can repay the interests and the debt in a depreciated currency , all currencies all paper money are losing value in terms of their purchasing power and of course the Us Dolar is losing more of its purchasing power than other currencies " "
Sunday, August 7, 2011
Saturday, August 6, 2011
Marc Faber : treasuries are perceived still as a safe heaven because everybody knows the US has an endless ability to print money
Marc Faber : soon we will see if Bernanke is a really a true money printer or just an amateur money printer
- in Bloomberg ...Click Here to watch the Full Interview >>>>....
Friday, August 5, 2011
- in Bloomberg ...Click Here to watch the Full Interview >>>>....
Marc Faber : well I do not think that so far it's been a major sell-off , I think we doubled in markets from March 2009 until the high in May of this year and now with the S&P we are down 10 percent the whole world is panicking ..I am telling you the world is mad the investors they do not understand that markets are volatile and that they have to be prepared to see stocks dropping 30 percent annually and rally 20 percent and then drops 30 percent that should be the pattern and whoever can't live with that he shouldn't be buying anything at all
" there is a case to be ultra-bearish about everything but then you have to think , if I am really very negative about everything what do I invest in ? government bonds in the US the ten years yields in 2.4 percent in a weak currency ? or do I invest in cash with negative real interest rates or do I invest in equities real estates precious metals commodities collectibles ? well I have to say equities are going to go lower where As of today, the markets are extremely oversold and they can take in a rally , but the technical damage that has occurred between November of last year and and just recently is enormous and I do not think we will see new highs for the year I think we 've seen the highs for the year between February and May of this year "
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.
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