Friday, November 25, 2011
Thursday, November 24, 2011
- via EPCA
Wednesday, November 23, 2011
Tuesday, November 22, 2011
"They can postpone the end-game endlessly...say another five to 10 years. Each money-printing exercise brings about unintended consequences. These unintended consequences are higher inflation rates than had no money been printed." - in CNBC Interview
"I think that stocks may still continue to go up, and I would rather own equities than government bonds for the next 10 years." - in CNBC interview
Monday, November 21, 2011
Dr. Marc Faber back in Zurich Switzerland and in the university of Zurich where he studied economics he tells how he got influenced by the Austrian economics in the Zurich University : " well if I could go back in life I I will definitely study again economics , what I have noticed in life is if you are a lawyer or if you are a medical person you do not have the geographical freedom as I had in economics , I can practice economics anywhere in the world in Latin America in the middle East in Asia , and so forth , I could travel a lot , I have seen the entire world as a result of my knowledge in economics and so I would definitely again study economics "
"Zurich is the most beautiful and pleasant city in the world , if the weather is nice it's summer it's a lovely place it has an old city and it has a lake it has the proximity of mountains you can do sports it is relatively small so it is cozy , you can walk from A to B you do not need to take a subway so it is a perfect place so definitely I would come back here ..."
Sunday, November 20, 2011
Saturday, November 19, 2011
Friday, November 18, 2011
Still, the ongoing shifting balance of economic power from industrialized countries to emerging economies is building up geopolitical tensions, especially in the Middle East and Central Asia, he said. All the West needs to do to contain China is seize control of oil supplies, but China and the countries dependent on oil imports would not allow that for the sake of self-preservation, Faber added.- in www.taipeitimes.com
Thursday, November 17, 2011
“Don’t believe China’s consumer price index stands only at 5 percent,” . “The truth is somewhere between 12 percent and 15 percent ... The real-estate bubble is so evident that Chinese property shares are very weak as the volume of real-estate transactions goes down and prices fall.” - in www.taipeitimes.com
money printing has encouraged speculation on commodities whose prices have gone up faster than real demand in recent years. “Some people will benefit from money printing that deflates the purchasing power of currency ... but the middle and lower--income classes are being hurt,” - in www.taipeitimes.com
That would forestall the crisis rather than solve it, keeping prices elevated for assets like stocks, real estate in some areas and precious metal, Dr. Marc Faber said yesterday in Taipei.Loose monetary policies, including low interest rates, intended as a short-term fix, can have unintended consequences later, he added - in www.taipeitimes.com
Wednesday, November 16, 2011
Tuesday, November 15, 2011
Monday, November 14, 2011
Sunday, November 13, 2011
Saturday, November 12, 2011
Friday, November 11, 2011
Marc Faber : Sovereign debt default throughout history has been very common for centuries , sovereign states have defaulted on their obligations , usually it happens because they borrowed too much and then just they can't pay and they inflate and things do not turn out well and then they default like Latin America in the 80s and 90s many countries defaulted , now I believe that the next country that is very vulnerable would be say Japan or the United States and also in Europe within the EU we have the so called PIIGS in other words Portugal Italy Ireland Greece and Spain these are countries that are quite vulnerable ...
Thursday, November 10, 2011
"Everybody has a say in how societies should be structured, but over time, it becomes very polarized and it moves into the hands of powerful business interests, and also interest groups like the military complex, or say the welfare recipients and so forth,"
"So you end up with kind of on the one hand a tyranny of the masses where you distribute all kinds of goodies to people. Like in America roughly 50% of the population gets a handout one way or the other from the government. So by continuing to support these people, you get their votes. "And at the other side of the spectrum, you have the people that pay the tax, the big corporations, and the well-to-do people, and they also want to maintain their interests, which is natural." And so you have a completely dysfunctional political system
Wednesday, November 9, 2011
"We're not going to get out of a recession by saying spend, spend, spend. That is wrong!"
"The lack of saving is the problem of the United States."
- in Bloomberg
Tuesday, November 8, 2011
Monday, November 7, 2011
Sunday, November 6, 2011
Saturday, November 5, 2011
Friday, November 4, 2011
Thursday, November 3, 2011
If equities, real estate, or Gold drop another 10% to 20%, put more cash in.
Wednesday, November 2, 2011
the world’s bill for oil went from $250 billion in 1998 to $2 trillion in 2006 before doubling again by 2008 as the Fed started cutting rates towards zero. - at World Commodities Week in London
Tuesday, November 1, 2011
adding in the unfunded liabilities of Medicare et al. would mean extending the chart up to “the fifth floor of this building”.
. The gap between federal spending (more than 70% of it mandatory) and taxation means the U.S. government’s debt will double in the next five to 10 years. - at World Commodities Week in London
Monday, October 31, 2011
"I think that stocks may still continue to go up, and I would rather own equities than government bonds for the next 10 years." - in CNBC
Sunday, October 30, 2011
Thursday, October 27, 2011
Wednesday, October 26, 2011
Marc Faber : well, I don't know what other people think but what I think will happen eventually and there are so many contradictory statements coming out that nobody really knows ,But eventually the same will happen as i the United States the ECB will print money one way or the other and the debts that essentially should be written down to a realistic value will continue to be carried on the books of banks at unrealistic values so the end crisis will be postponed until the sovereigns go bankrupt.
. "I think that stocks may still continue to go up, and I would rather own equities than government bonds for the next 10 years."
Marc Faber: Greece is bankrupt & bond investors should have to take losses of 90 percent on their holdings
it will need a 90 percent writedown, but that’s not going to happen. What will probably happen is a 50 percent write-down. - Marc Faber said in an interview with Bloomberg today in Zurich today. “I
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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