Australian (ASX) Stock Market Forum

Dr Marc Faber SPEAKS...

Jump to new
As good old Dr Marc says really, it all depends what governments do. It seems that all but Asia and the Far East are in for pastings and the PIIGS plus Italy are in the mire.

The UKs Government Gilts are plunging in value and are now yielding about 5% at the medium to long end, and up to 5.3% among their irredeemable' (War Loan and Treasury stock). Due mainly to the withdrawal of the quantitive easing exercise. Looks as if Dr Faber is pointing to Europe and rates may yet reach 8% and that means 10% - 12% for blue chip company bonds. Debts exceeded £4 billion last month (a better month as tax is paid by the 31st January) due to low tax revenues and now exceed US$1.2 trillion.
The PIIGS and Italy pray their position could be as good as the UKs and as to the Eastern block, who knows.

Investing is difficult if Dr Marc Faber appears to not quite know where America and Europe are going to turn.
Australia could do outstandingly well, but in the short term a deep double dip recession across the pond could cause many small miners to collapse - who knows?
 
kennas said:
He's on the ball I think.

It's why I'm out.

http://www.youtube.com/watch?v=8m5iT-tGTNw

http://www.youtube.com/watch?v=drTISv0DAks&NR=1
Click to expand...

Hi Kennas et al, He seems to favour gold, as always, and soft commodities. Though in forecasting a China slide, he had previously seen the Yuan as a future reserve currency that is due for revaluation.
Certainly needs great thought but providing people keep at least 70% in cash then it isn't that greater risk to ride the waves - we're good at that.
Many Aussie stocks are high yielding and there's much about that shows good value, imho - good luck
[some commodity sectors look quite vulnerable but many gold producers will do well in Aus if the AUD slides]
 
noirua said:
[some commodity sectors look quite vulnerable but many gold producers will do well in Aus if the AUD slides]
Click to expand...

Surely last week when the ceo of any gold company went to bed his/shis prayers to god went somewhat like this
"God please let the POG rise and please let the aussie dollar slip I'll be your faithfull loving servant etc etc...balh blah blah"
His prayers are answered and the SP still falls
I'm not saying satan is at work -but can someone tell me just how much poo we are in...lol
I mean really... the last time greece had any political or economic significance was 2500 years ago
And surely Rudds super tax won't go thru
confused:cautious:
 
-Bevo- said:
Mirror, Mirror on the Wall, When is the Next AIG to Fall? | Marc Faber

This would be the best explanation of the past / current situation, Faber at his best.

http://www.youtube.com/watch?v=H0sS6a9RW2E
Click to expand...

Rudd & Co will love this when Faber tells everyone to get a property out of town, as you wont be bombed or poisoned. All move into the outback and help build Australia further from the inside instead of the outside. GET OFF THEM THERE BEACHES!

Commodities and gold are the name of the day and get yee out of cash and bonds in the longer term. Oh yes!

50% of cash in Asia says he. Australasia is neither in the West or Asia. Ayway, never mind, China are buying up Australia as are Asia. So everything is dandy, Oh yes!

Listen carefully to Dr Marc Faber as he tells history in this broadcast. Too boring for you - YOU IDIOT, JUST LISTEN AND LEARN, me says. Who are you then noirua? Never mind, just do as you're told, OK!
 
Interesting debate on Reuters Insider between Arthur Kroeber and Marc Faber on China's economy.

http://insider.thomsonreuters.com/l...mNWY2ZC1kZmU0LTQ0MjgtYjE1Yy1jZWU3ZjFmYjU5MDM=

The poll of the audiance at the start of the video is interesting in that it is what one would expect at the top of an economic cycle.

Marc Faber though had no effective argument against Arthur Kroeber's comments on the stability of high growth economies today (when compared with the 19th century) this side of suggesting that a sustained high growth rate in china will lead to war within 10 years.
 

Similar threads

greggles
Commercial Real Estate Catastrophe Coming?
Replies
17
Views
2K
mullokintyre
mullokintyre
basilio
Ozempic: Magic Pill or Devils Bargain?
Replies
10
Views
1K
sptrawler
sptrawler
Zaxon
Vanguard plans to tackle locals in super
Replies
9
Views
3K
divs4ever
divs4ever
bigdog
Where will all the money come from to fund the stimulus?
2 3
Replies
50
Views
5K
tech/a
tech/a
bigdog
Dump Trump
9 10 11
Replies
214
Views
19K
wayneL
wayneL
Top