Saturday, January 21, 2012

The Euro Downgrade already discounted by the Bonds Markets

Marc Faber : in general I would say the news follows events in other words the downgrades were already discounted by the bonds markets in Europe and when the news came out it had no impact actually the market was kind of relieved , it's like when a war break out if prior to the war the market has already discounted it went down strongly then on the war news the market then shoots up , on the other hand if some event happened completely unexpectedly the market can sell off , but in general I think now in Europe the bad news has been now largely discounted and the market participants they think that the problems cannot be resolved but they can be postponed , which involves essentially money printing either directly or through backdoor measures ....- in Fox Business News
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Dr. Marc Faber Tomorrow's Gold





Dr. Marc Faber author of the Gloom, Boom and Doom report is a world class Investor, Doctor Faber 's typically controversial and contrarian views have earned him the label of Dr. Doom. Doctor 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
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.