Marc Faber : When you print money, the money does not flow evenly into
the economic system. It stays essentially in the financial service
industry and among people that have access to these funds, mostly
well-to-do people. It does not go to the worker. I just mentioned that
it doesn't flow evenly into the system.
Now from time to time it will lift the NASDAQ like between 1997 and
March 2000. Then it lifted home prices in the U.S. until 2007. Then it
lifted the commodity prices in 2008 until July 2008 when the global
economy was already in recession. More recently it has lifted selected
emerging economies, stock markets in Indonesia, Philippines, Thailand,
up four times from 2009 lows and now the U.S.
So we are creating bubbles and bubbles and bubbles. This bubble will
come to an end. My concern is that we are going to have a systemic
crisis where it is going to be very difficult to hide. Even in gold, it
will be difficult to hide. - in businessinsider
Marc Faber News Blog Investments and Trading Ideas - A Tracking Blog About Dr. Gloom Boom & Doom Marc Faber , Daily Tracking of Dr. Marc Faber Investment Strategy , Market analysis , Outlook & Media appearances
Monday, April 1, 2013
Marc Faber : I haven’t been shorting any US Stocks since 2009
Marc Faber : “I was relatively positive about U.S. stocks since March 2009,” Faber said. “I haven’t any short positions. I haven’t been shorting any stocks since 2009. But the U.S. marches up , consumer confidence marches down, and emerging markets are performing badly relative to the U.S. The dollar is strong indicating a tightening of international liquidity. And so I don’t think that the U.S. market will go up a lot from here I rather think that there’s now considerable downside risk.” - in a recent interview with CNBC
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