I have a far simpler solution for creating inflation (for which I should obtain a Nobel prize in economics)…
June 12th, 2009 | Marc Faber | 2 comments | ContinuedArchive for Marc Faber
Dr. Marc Faber is the editor of The Gloom, Boom and Doom Report and author of Tomorrow's Gold, one of the best investment books on the market. Headquartered in Hong Kong for 20 years and now based in northern Thailand, Dr. Faber has long specialized in Asian markets and advised major clients seeking bargains with hidden value, unknown to the average investing public.
Western Government Doing Their Best to Impoverish Their Countries
According to Berry, “On February 11, 1979 Milton Friedman took 2-1/2 minutes to explain the critical importance of the individual and choice in the free enterprise system to a doubting Phil Donohue. I wonder what Dr. Friedman would say 30 years later about our current predicament and the role government is assuming in our lives?
June 11th, 2009 | Marc Faber | 12 comments | Continued
What Lies in Wait for the Global Economy, Part II
A recurring theme of recent issues of this report has been that asset markets will remain extremely volatile. There is a tug-of-war between U.S. economic policy makers – notably, the Fed – who wish to support asset markets in order to stimulate consumption, and the private sector, which is tightening lending standards and bringing about slower credit growth and an economic downturn.
April 18th, 2008 | Marc Faber | 0 comments | Continued
What Lies in Wait for the Global Economy
“The greatest difficulties lie where we are not looking for them!” The above observation was penned by Johann Wolfgang von Goethe and may be very prescient in today’s economic and financial conditions. Let us assume that the unthinkable happens: China’s economy slows down sharply, or even contracts – and there are reasons why it could. Commodity prices slump and bring about economic hardship in the resource-producing countries of the world.
April 17th, 2008 | Marc Faber | 2 comments | Continued
The Problem With Artificially Low Interest Rates
Artificially low interest rates force investors, including individuals, institutional investors, and state and private pension funds, into risky investments, which as we have now seen can also lead to widespread losses. In fact, the losses are now so large that they threaten the entire financial system. I estimate that, when all is said and done, the losses experienced by the financial sector and investors will exceed several trillion US dollars.
March 6th, 2008 | Marc Faber | 57 comments | Continued
Recession in America: Is it already happening?
Will rate cuts be of much help to the asset markets and the economy in avoiding a recession in America? I believe we are in a war between two major adversaries. On the one side we have the United States Federal Reserve (and other central banks) pumping liquidity into the system in a desperate attempt [...]
December 20th, 2007 | Marc Faber | 1 comment | Continued
Credit Crisis Worse Than Long-Term Capital Management Collapse in ’98
Unlike all the Wall Street strategists who compare the current credit crisis to the credit crisis of 1998 (Long Term Capital Management), I believe that the ongoing credit problems will be far worse and of a longer-term nature. This will make it difficult for the market to reach new highs in the near future. Moreover, [...]
September 20th, 2007 | Marc Faber | 5 comments | Continued
U.S. Dollar Collapse Not Imminent, But Start Buying Gold & Silver Now
If any longish marriage is an exercise in irritation management, so is listening to the hype by media commentators about the soundness and superiority of the US economy and about how well US stocks are performing. I suppose that if Larry Kudlow were living in Zimbabwe, where the economy has been contracting for eight straight [...]
May 4th, 2007 | Marc Faber | 5 comments | Continued
A Modern History of Investment Booms
The feature most common to previous investment booms was that a bull market in one asset class was accompanied by a bear market in another important asset class. Precious metals soared in the 1970s, but bonds collapsed. Equities and bonds rose in the 1980s, but commodities tumbled.
In the 1990s, we had rolling bubbles in the [...]
