Australian (ASX) Stock Market Forum

Dr Marc Faber SPEAKS...

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>Apocalypto< said:
I remember Faber was calling crash every year from 05 well he did get it right just took a little while.
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Yep, been bearish for a while and they do always get it right eventually. He doesn't often give a time frame but an around a bouts. Picked the oversold point pretty closely at the bottom of the crash. Hard not to agree with his general philosophy though. The US debt and QE policy is bound for medium to long term pain. He's just very colourful with how he describes it some times which gets him a regular gig on CNBC and the like.
 
kennas said:
Yep, been bearish for a while and they do always get it right eventually. He doesn't often give a time frame but an around a bouts. Picked the oversold point pretty closely at the bottom of the crash. Hard not to agree with his general philosophy though. The US debt and QE policy is bound for medium to long term pain. He's just very colourful with how he describes it some times which gets him a regular gig on CNBC and the like.
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i also like him a lot, he's direct. I just remember that time frame very well.
 
>Apocalypto< said:
I remember Faber was calling crash every year from 05 well he did get it right just took a little while.
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yes if any of his predictions actually come true, there would be 2 people on earth clutching themselves in caveman suits with fire and brimstone all around them.

The guys is a classic pessimist to the extreme. Eventually he will get a call right. If you keep calling for a market crash, eventually it will, so he will get 1 / 1000 calls correct.
 
nysefloortrader said:
yes if any of his predictions actually come true, there would be 2 people on earth clutching themselves in caveman suits with fire and brimstone all around them.

The guys is a classic pessimist to the extreme. Eventually he will get a call right. If you keep calling for a market crash, eventually it will, so he will get 1 / 1000 calls correct.
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No, I don't think he is a pessimist, he just calls it as he see's it - it just happens that his view of the current situation is <very> bearish. He's still out there buying stuff around the world if it's undervalued.

It's completely OK to call for some sort of 'crash' without giving a time frame because nobody knows when or what the breaking point will be, for while ever 'the market' still has confidence in the central banks and money printing the game will continue.


They say this is not massive money printing, but first they are wrong; and second, monetary authorities in the United States did not see the crash coming and the unsoundness of the financial system. In fact, right up until the crash they were saying that nothing like what happened could ever happen. So money printing and zero-percent interest rates, which have distorted the economic recovery and the landscape in the United States and Europe, have become a substitute for sound, pro-growth, fiscal regulatory tax policy. As a result, they say they are not concerned about inflation. This monetary policy, $3 trillion of bond buying in the United States, $3 trillion in Europe and another $2.5 trillion to $3 trillion in Japan, is unprecedented. It is not the case that they know the ultimate inflationary potential when this low-velocity money gets back into the system and acquires some velocity. If and when people lose confidence in paper money because of repeated bouts of quantitative easing and zero-percent interest rates””it could happen suddenly and in a ferocious manner in the commodity markets, in gold, possibly in real estate””interest rates could go up at the long end by hundreds of basis points in a very short time - Paul Singer
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noirua said:
Marc Faber – Advice For Gold Investors in 2013
http://marcfaberblog.com/marc-faber...=Feed:+TheMarcFaberBlog+(The+Marc+Faber+Blog)
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so what he is saying is asset like gold went up because central banks print money but
printing money sometimes doesn't cause price of asset to go up.

2 ways bet you cant be wrong.

just me me saying you know market going to be up this year but something may happen and it may go down

for someone who love gold 25% of his money in gold isn't much

I love stock 100% of my money is in Stock :D
 
The Doctor varies views as actions by country's Financiers, Treasurers etc., change the position. Australia should have 1% interest rates for about three years after one year at 0.25%; that would devalue the rampant Aussie and get it down further towards the AU$1.30 - AU$1.40 range to the Greenback, let's have some fun.

Marc Faber on CNBC – 2013 Predictions
http://marcfaberblog.com/marc-faber-on-cnbc-2013-predictions/
 
noirua said:
Not all doom and gloom, says Marc Faber
http://www.afr.com/p/markets/not_all_doom_and_gloom_says_marc_2ecWXUKT4ormiHlSMsIVSN
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Yep....not all doom and gloom from Marc.....

From ZeroHedge....
"While we have all heard the apocalyptic prognostications by the accented Swiss, and there is little doubt where the Gloom and Doom reside, here is some very unexpected advice on the Boom. Make that the "Boom Boom"... room...."
(watch the video):

http://www.zerohedge.com/news/2013-05-14/and-now-some-totally-different-advice-marc-faber
 
I do like listenting to MF every now and then. But his timing is wayyyy off.

If what he says was going to happen years ago, it is my analogy that we would be running around in cavemen outfits eating eachother, dodgy fire and brimestone falling down from the heavens and killing off alot of the population, and people using paper money to start their fires at night too cook food out in the open. To say he is bearish all the time is a massive understatment.
 
I have five free tickets to both the Sydney and Melbourne CMC Masterclass events.

I will give them away on a first come, first served basis to those who send me a PM with their details and choice of location. ;)
 

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