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My favorite economic entertainer is back with his usual over-the-top semi-apocalyptic comments about government officials, the U.S. and more. Here are a few choice quotes from Dr. Doom followed by the full videos of his session on Squawk Box on CNBC Europe below.
On Obama
I don’t have a very high opinion of Mr. Obama. I was [...]
Markets's archives
Marc Faber: Obama makes Bush look like a genius
Jan
A strong dollar, euro downside and a gold liquidation panic
Jan
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Back in July, Ed pointed to some comments by George Soros on currencies that I felt were perceptive. Soros said:
The dollar is a very weak currency except all the others.
With most major currencies down significantly against the dollar, we now see the truth in that statement. I want to add some color and connect this [...]
Corporate bond yields demonstrate that risk is back
Jan
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I woke up this morning thinking about James Baker’s October 1987 comments on the dollar which many feel precipitated the 1987 crash. This was on my mind as I contemplated the implications of Obama’s recent regulatory announcement bombshell. The market has been jittery the last two days and the VIX is way up. So, 1987 [...]
Jim Rogers is still bullish on commodities
Jan
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Hat tip gaius marius.
Rogers is not just bullish on agricultural commodities. He is bullish on oil too. Rogers says:
Over the next decade or so, oil is going to go much, much, much higher because known reserves are declining at a very rapid rate.
As for agricultural commodities, he’s talking about severe shortages of food. Stock up.
The Fall Street Bear Index
Jan
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From cuddly teddy bear, to growling starving bear, here is your bear market index, courtesy of FallStreet.com. Hat tip Scott.
Bill Gross opines on investing in a world of crony capitalism
Jan
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Bond king Bill Gross has gone populist. He starts his latest monthly investment outlook with an indictment of capitalism as practiced today in the United States that is a frontal assault on the corruption we are witnessing in Washington. As more and more revelations like the Geithner AIG cover-up surface, one must wonder if America [...]
Gulf states agreement to enter currency union seen as dollar threat
Dec
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The last I had heard about a prospective Gulf currency union came yesterday morning in a note by Marc Chandler who is the Chief Strategist at Brown Brothers Harriman’s FX group. He indicated that he was more optimistic about a Gulf currency union on the than a Latin American one on the eve of a [...]
John Hussman: Expect meagre returns in an overvalued market
Dec
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John Hussman’s latest weekly contribution contends that the market is now extremely overvalued, to the point where long-term returns will likely be low.
As of last week, the S&P 500 nearly matched the richest valuations, on normalized earnings, ever observed prior to 1995. While it is quite true that valuations have been higher for the majority [...]
Standard Bank says Greece and Ireland may leave Eurozone
Dec
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The headline at Bloomberg reads “Ireland, Greece May Leave Euro, Standard Bank Says.” Before I even started reading this I was sceptical. The Telegraph’s Ambrose Evans-Pritchard makes calls like this, but his Euro-sceptic views are well-known.
Here’s what the article says:
The absence of a mechanism to permit so-called fiscal transfers within the 16-nation region may undermine [...]
John Mauldin: “Nobody’s holding a gun to your head” on stocks
Dec
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John Mauldin believes we have just seen a pretty amazing trading rally aka cyclical bull/bear market rally. Stocks are more than 60% above March lows. But many stocks are at “nosebleed” valuation levels and that makes him suspect this is not an opportune entry point for stock market investors.
He counsels utilities (like Bill Gross) or [...]
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-- Marc Faber, May 2009
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