Bill Gross had a great sound bite at Forbes’ annual investing roundtable:I don’t know if the U.S. has reached a desperate point, but it is employing instruments and vehicles and policies that smack of desperation. We are not looking at a default here…
Posts Tagged ‘marc faber’
Bill Gross: “Ultimately Creditors And Investors Are At The Behest Of A Central Bank And Policymakers That Will Rob Them Of Their Money”
January 19th, 2011 |
No Comments
Is Gold – Or Fiat Currency – In a Bubble?
December 30th, 2010 |
No Comments
It is easy to argue that gold is in a bubble.But as I pointed out last month:Deutsche Bank’s head commodities researcher [Michael Lewis] wrote in September:Gold prices would need to surpass USD 1,455/oz to be considered extreme in real terms and hit …
It’s Not Just the “Peripheral” European Countries … Financial Contagion Could Spread to “Core” Eurozone Countries and the U.S.
November 27th, 2010 |
No Comments
It’s not just the “peripheral” European countries which are in trouble.As Ambrose Evans-Pritchard reported yesterday:The escalating debt crisis on the eurozone periphery is starting to contaminate the creditworthiness of Germany and the core states of …
No Wonder the Outlook for the Economy is “Unusually Uncertain” … the Fed is Killing It
July 21st, 2010 |
No Comments
Fed Chairman Ben Bernanke testified today that the outlook for the economy is “unusually uncertain”.That’s not surprising.Nothing has changed since I made the following points last December.High-Level Fed Officials Slam BernankeFed Vice Chairman Donal…
When Will China’s Bubble Burst?
May 12th, 2010 |
No Comments
As Bloomberg notes, Marc Faber thinks China may crash in 9 to 12 months, and hedge fund manager Jim Chanos and Harvard University’s Kenneth Rogoff are also warning of a crash.Nouriel Roubini told Bloomberg: In China, where property prices rose a…
Ferguson and Faber: Sovereign Debt Crisis Will Spread World-Wide, U.S. Debt Is Unsafe
February 11th, 2010 |
No Comments
In a must-read essay, Niall Ferguson slams the prevailing Keynesian consensus, and says that the sovereign debt crisis in Greece will spread to America:What we in the western world are about to learn is that there is no such thing as a Keynesian free l…
Officials and Experts Warn of Crash-Induced Unrest
December 16th, 2009 |
No Comments
Numerous high-level officials and experts warn that the economic crisis could lead to unrest world-wide – even in developed countries:Today, Moody’s warned that future tax rises and spending cuts could trigger social unrest in a range of countries f…
Questions for Bernanke’s Senate Confirmation Hearing
December 1st, 2009 |
No Comments
The Senate Banking Committee will be chatting with Ben Bernanke this Thursday to vote on his reappointment.Demand that the Committee ask the following questions for our esteemed Esteemed Chairman (and contact your own Senators also and demand that they…
“War ALWAYS Causes Recession”
November 15th, 2009 |
No Comments
PhD economist Marc Faber predicts that the U.S. will launch a war to distract people from the bad economy.China’s largest media outlet – Sohu.com – wrote in October 2008 that the Rand corporation, a leading U.S. military advisor, lobbied the Pentagon f…
How Did America Fall So Fast?
October 21st, 2009 |
No Comments
In 2000, America was described as the sole remaining superpower – or even the world’s “hyperpower”. Now we’re in real trouble (at the very least, you have to admit that we’re losing power and wealth in comparison with China).How did it happen so fast…
Will the Dollar Rally When the Market Next Crashes?
October 12th, 2009 |
No Comments
The big news of the day is obviously the weak dollar.As the headline of a must-read article in Bloomberg states: “Dollar Reaches Breaking Point as [Central] Banks Shift Reserves [Away from the Dollar]“.AFP points out that – whether or not the report f…
Is the Dollar Heading Up Or Down?
October 6th, 2009 |
No Comments
Arguments for a Long-Term Devaluation of the DollarUnless you’ve been living in a cave, you know that the dollar is losing its status as world reserve currency.Many governments and international organizations are feverishly working to get away from …
Is Gold A Reasonable Investment?
September 29th, 2009 |
No Comments
This essay rounds up arguments for gold as a reasonable investment.ChinaCommentators such as Ambrose Evans-Pritchard and Byron King argue that China’s hunger for gold will put a floor on gold prices.Specifically, they argue that China will “buy the dip…
The Case for Inflation
September 28th, 2009 |
No Comments
As I have recently pointed out, there are strong arguments for ongoing deflation. But even deflationists think that – after a period of deflation – we might eventually get inflation. For example, in October, I guessed 1 1/2 to 2 years of deflation, fol…
Elliot Wave: Faber Versus Mish and McHugh
September 27th, 2009 |
No Comments
I am agnostic about Elliot Wave stock charting.But, as I see it, there are two basic views of those who follow Elliot Wave.On the one hand, Mish and McHugh think we might be on the verge of a major wave c down crash.What does this mean?Basically, a sec…
Marc Faber Slams Central Banks
August 16th, 2009 |
No Comments
In an August 12th CNBC interview, PhD economist Marc Faber slammed central banks:Asset markets will correct and the dollar will strengthen for a couple of monthsCentral bankers are money printers who create bubblesTransparency is worse than beforeWe’ve…
Marc Faber Says America Will Launch More Wars to Distract from Bad Economy
August 11th, 2009 |
No Comments
The claim that America would launch more wars to the help the economy is outrageous, right?Certainly.But leading economist Marc Faber has repeatedly said that the American government will start new wars in response to the economic crisis:”The next thin…