Credit Writedowns » Marc Faber

Biggest highlights from Barron’s Roundtable

Edward Harrison — Mon, 16 Jan 2012 03:54:37 +0000

Here are the comments I found the most interesting from the first part of this year's Barron's Investing Roundtable interview which was published today

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Faber: Market May Fall Below 1,100

Edward Harrison — Tue, 27 Sep 2011 10:00:54 +0000

Marc Faber told CNBC yesterday that he thinks the S&P500 could fall to as low as 1010 by the end of the ongoing sell-off. Faber also believes gold could fall. However, he believes both markets are oversold and is more keen to buy gold on a rebound than equities

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Zulauf: “I expect the market to go below the latest lows in September”

Edward Harrison — Mon, 15 Aug 2011 15:00:08 +0000

As usual, I find Felix Zulauf’s commentary very perceptive. He has been right consistently for the whole of 2011 in predicting where things have gone. What he is saying is that the fundamentals in the west are weak and now that growth is ebbing, this will be manifest in stock prices. What will policy makers do

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It’s Over

Frederick Sheehan — Sun, 14 Aug 2011 18:00:45 +0000

The classification of assets according to such dreary concoctions as "mid-cap growth," comparative asset benchmarks is now over

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China: First the credit writedowns, but then what?

Edward Harrison — Wed, 01 Jun 2011 12:30:42 +0000

The immediate problem is the excess capital investment and the costly maintenance of the projects it has spawned. Longer-term, Asia's growth prospects look good

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Faber: The Fed will continue to be behind the curve

Edward Harrison — Fri, 08 Apr 2011 13:22:50 +0000

Marc Faber was on CNBC talking about the intersection of asset markets with monetary policy. His view is that the Fed will be accommodative for the indefinite future, resulting in a move into riskier assets by investors starved for real returns in fixed income. This could be a boon for asset markets in nominal terms.

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Faber: For Sure There Will Be QE3 But Not Right Away

Edward Harrison — Fri, 01 Apr 2011 22:27:12 +0000

Here is a good 17-minute Bloomberg video with Marc Faber. He talks a lot about Mexico and he is bullish on that economy. As for the US, his view, like mine, is that printing money does give a temporary boost to economic activity. However, in the long run, it doesn’t lead to sustained economic growth

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Comments by Faber, Gross, Roach, and Grantham on the Political Economy

Edward Harrison — Mon, 17 Jan 2011 21:00:50 +0000

Over the past several days, I have caught some very good commentary by a number of well-known financial industry experts. I wanted to share my own thoughts with you on their commentary, especially in light of my last posts on Eisenhower’s Farewell Address and The New Monetary Consensus. I have featured two of the commentaries

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Marc Faber, what are you worrying about?

Edward Harrison — Sat, 15 Jan 2011 18:30:15 +0000

Marc, you have been very quiet. What are you worrying about? Faber: Have you got an hour? You are all wrong. You say you would do this or that if you were policymakers, but nobody says "I wouldn’t do a thing. I would let the market correct itself." The crisis in the U.S. happened largely

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Marc Faber: Mirror, Mirror on the Wall, When is the Next AIG to Fall?

Edward Harrison — Mon, 31 May 2010 12:34:43 +0000

Hat tip Paul Kedrosky Related Posts $700 Billion? Try $5 Trilion – So says Marc Faber 26 Sep 2008 Marc Faber Raw 6 Jul 2009 Marc Faber: “I am 100% sure that the U.S. will go into hyperinflation” 27 May 2009 More About: credit crisis, Financial Institutions, Marc Faber

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$700 Billion? Try $5 Trilion – So says Marc Faber 26 Sep 2008
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Marc Faber: "Symptoms of a bubble building in China"

Edward Harrison — Thu, 22 Apr 2010 15:24:06 +0000

Marc Faber spoke with Bloomberg News recently and had some interesting things to say about China and what he sees a burgeoning bubble. His sentiments echo those from Ten ways to spot a bubble in China by Edward Chancellor, author of a well-regarded history of financial manias, Devil Take The Hindmost. Let me say a

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Marc Faber: China’s numbers are fake 30 Jul 2009
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Faber: 20% correction if S&P reaches new high

Edward Harrison — Tue, 02 Mar 2010 01:55:04 +0000

Marc Faber talks with Bloomberg about the outlook for US shares, saying he believes the market could correct 20% if the S&P reaches a new high (above 1150). That’s the definition of a cyclical bear market, by the way. Faber also discusses the outlook for the euro and the dollar. The video runs just under

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The Russia Forum 2010: Hendry, Faber and Taleb

Edward Harrison — Tue, 09 Feb 2010 13:25:15 +0000

The following link goes to an hour-long video from the Russia Forum 2010 featuring famed investors and market watchers Hugh Hendry and Nassim Nicholas Taleb. Marc Faber was the moderator. The session is “Investments: Where is the Money in 2010 – What are the Risks?" from the second-day of the three day forum.

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Stephen Roach: Chance of Double Dip 40%

Edward Harrison — Sat, 23 Jan 2010 01:49:25 +0000

Here is more of Marc Faber, this time with Stephen Roach joining from Asia. Faber starts things off by making a point I have made many times in the past, namely that the Federal Reserve’s easy money policy is asymmetric; they are quick to cut on the way down, but slow to raise rates on

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Marc Faber: Obama makes Bush look like a genius

Edward Harrison — Sat, 23 Jan 2010 01:26:21 +0000

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.

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Marc Faber: "I don’t think that you’ll see gold below $1,000 per ounce probably ever"

Edward Harrison — Mon, 16 Nov 2009 21:10:12 +0000

Marc Faber is in a bullish mindset, particularly on gold. In a wide-ranging interview with CNBC TV-18 in India, Faber talked about where he sees markets headed and why he thinks gold will never drop below $1,000 an ounce. Private sector contracting while public sector expanding This is the frame that Marc Faber puts on

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Marc Faber: “U.S. dollar weakness is a symptom of inflation in the system”

Edward Harrison — Wed, 14 Oct 2009 06:00:00 +0000

Below are two videos from Marc Faber’s recent interview on Asia Confidential. In it, he takes questions from user emailsregarding the U.S. dollar, economic decline in the U.S. and gold as an investment. He sees a need for the U.S. to borrow increasing amounts of money going forward – not less. As a result, what

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Marc Faber: “Monetary policy in the United States will stay expansionary”

Edward Harrison — Sun, 04 Oct 2009 20:42:44 +0000

Below is a wide-ranging interview with Marc Faber over four videos on CNBC TV18 in India explaining view on inflation, currencies, commodities, stocks and more. Asset-based economy. In general, he thinks we are in an inflationary environment, whereas I think that deleveraging is secular and means any inflation is only cyclical. But he shares my

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Faber: Gloom, Boom or Doom?

Edward Harrison — Wed, 23 Sep 2009 00:46:35 +0000

How about all three. Faber released another provocative newsletter this month that has a little grist for investor of all stripes. Boom. His short-term outlook is bullish because he believes money-printing will underpin the market even after the 60% increase in the S&P 500 from March 2009 lows. This puts him in the same camp

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Is economic boom around the corner?

Edward Harrison — Fri, 11 Sep 2009 15:07:13 +0000

This September 2009 post still describes my general view on the U.S. economy. If I wrote it today, I would be more bearish medium-term because it is obvious that in 2010 fiscal and monetary policy will become less supportive of recovery. Political pressures to remove fiscal and monetary stimulus are too much to bear. As a result, I give a double dip recession slightly better odds than a multi-year recovery now. But the analysis framing my thinking is largely the same

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Marc Faber: China’s numbers are fake

Edward Harrison — Thu, 30 Jul 2009 17:00:33 +0000

Late last year, I anticipated that the global slowdown would bring China’s GDP growth down to 2%, a level that would make most nations envious but which would have been catastrophic for China. In the end, robust government stimulus has saved the day, as spending for infrastructure, commodities, and property has soared. The 8% growth

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Marc Faber: “A huge move is coming in the dollar, in bonds and in equities” but…

Edward Harrison — Fri, 17 Jul 2009 16:49:53 +0000

Marc Faber was quoted in June as saying he expects a major move in financial markets, but is unclear which directions markets will turn. His statements suggest to me he could be advising clients to go long volatility in anticipation of market turbulence. This would usually be accomplished by buying options in high beta assets

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Marc Faber Raw

Edward Harrison — Tue, 07 Jul 2009 01:51:17 +0000

Here is a Marc Faber interview from March. It is well worth watching because he calls things perfectly through June: economic news, equity markets, and commodity markets. This is billed as a Czech TV interview. But the audio is pretty bad. So, the interviewer may be a Czech with halting English, but this is hardly

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Marc Faber: “I am 100% sure that the U.S. will go into hyperinflation”

Edward Harrison — Wed, 27 May 2009 15:18:48 +0000

Basically, Faber believes a rising tide of quantitative easing is going to buoy stock markets globally and the global economy (at least for the medium-term). However, later in that same interview, Faber makes his most quotable statement yet: “I am 100% sure that the U.S. will go into hyperinflation.” That is a very bold claim

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Marc Faber says rate cuts won’t work 8 Oct 2008
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Marc Faber: “it’s very tough for a forecaster who was ultra-bearish to stay bearish”

Edward Harrison — Wed, 27 May 2009 12:50:06 +0000

In the wake of the huge consumer confidence number that caused U.S. markets to rally yesterday, Marc Faber is still singing from the same songbook that I am: delayed end to the recession and a weak recovery. See the video below. The video also mentions the fact that Nouriel Roubini is in this camp. Faber

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Marc Faber makes bullish comments on Bloomberg

Edward Harrison — Thu, 12 Mar 2009 19:00:52 +0000

Marc Faber is a definite bull right now, despite his title as Dr. Doom. In the video below he makes his case for gold miners and for a general equity rally through April. His main points are

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Marc Faber: “The feds poured the gasoline and lit the match. Now they’ve joined the fire department

Edward Harrison — Sat, 07 Mar 2009 20:41:11 +0000

The quote of the day comes from Marc Faber via Fleet Street News: Meanwhile, the cop who had the Wall Street beat when the biggest heist in history was going on… and who engineered the loans to AIG and GM… is now the chief of police. Tim Geithner said he was working night and day

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Marc Faber: Dr. Doom goes bullish

Edward Harrison — Sat, 07 Mar 2009 18:36:54 +0000

In keeping with my the-sky-is-not-falling meme, I want t present yet further evidence that major market bears are increasingly seeing this market as a stock picker's dream. We're talking about Steven Leuthold, Bill Fleckenstein, Fred Hickey, Jeremy Grantham and Marty Fridson. Let's add Marc Faber here as well

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Is the U.S. stock market close to bottoming?

Edward Harrison — Thu, 05 Mar 2009 22:04:09 +0000

After another brutal day in the market, whether the market is bottoming does not seem like the question on most people's minds. Ten stocks declined for every one up today -- and on heavy volume. Retail investors are clearly switching into cash and bonds judging from the recent price action. Yet, an increasing number of long-time bears are becoming ever more bullish as the market declines. Witness famous investor Steven Leuthold

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Nationalization talk everywhere

Edward Harrison — Mon, 23 Feb 2009 13:42:39 +0000

Everybody is talking about nationalization. The latest trigger is the Citi discussions with the U.S. government to convert taxpayers' preferred shares into common equity. Below are a few Bloomberg video clips from just this morning where experts including Marc Faber, Peter Hahn and Bloomberg's Tom Keene talk about nationalization. It is a very controversial issue. Hopefully, these clips will give you different viewpoints on the subject

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Meredith Whitney says nationalization is wrong and banks will lose money 19 Feb 2009
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Marc Faber: The economic crisis is a consequence of U.S. government intervention

Edward Harrison — Fri, 06 Feb 2009 22:49:37 +0000

Marc Faber thinks it would better to nationalize the banks rather than bail them out. In his view, we are seeing special interests feeding at the trough

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$700 Billion? Try $5 Trilion – So says Marc Faber 26 Sep 2008
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Stephen Roach: “Rates can go to unusually low levels for much longer than people think”

Edward Harrison — Fri, 02 Jan 2009 21:00:15 +0000

With the global economy n recession and inflation headed toward zero, government bonds are looking like the best place to put ones money. As a result, we have seen yields on these assets drop to incredibly low levels in the world's largest developed economies as their prices have increased. Treasury securities. They may show all the hallmarks of a bubble. But does that mean that the bubble will end now? Here's what Stephen Roach says

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Marc Faber: I advise every American to hold his gold outside of the United States

Edward Harrison — Fri, 28 Nov 2008 18:12:22 +0000

Marc Faber is a hard money, old school investor who thinks that the U.S. government is going to reflate in order to avoid depression and that means gold. But, for those of you who don't know economic history, the fact is that this has been tried before, in the Great Depression in the 1930s and the result was that the government had to confiscate Americans' gold. It was Executive Order 6102 signed on 5 April 1933 right after Franklin Roosevelt came to office and it forbade all Americans from owning physical gold assets

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Marc Faber: I advise every American to hold his gold outside of the United States originally appeared on Credit Writedowns

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Marc Faber says rate cuts won’t work

Edward Harrison — Wed, 08 Oct 2008 14:38:00 +0000

Artificially low interest rates are what got us into this mess. Why should we think that they will help us get out? That’s the question I ask myself and Marc Faber, otherwise known as Dr. Doom, answers that they won’t. They certainly didn’t work under Greenspan. In fact it was the 1% Fed Funds rate

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Marc Faber says rate cuts won’t work originally appeared on Credit Writedowns

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$700 Billion? Try $5 Trilion – So says Marc Faber 26 Sep 2008

$700 Billion? Try $5 Trilion – So says Marc Faber

Edward Harrison — Fri, 26 Sep 2008 14:42:00 +0000

Faber thinks that the U.S. needs a lot more money than the Paulson Economic Patriot Act suggests. I agree 100%. His figure is $5 trillion! That’s a lot of dosh. Here is how he is quoted on Bloomberg: “The $700 billion is really nothing,” Faber said in a television interview. “The treasury is just giving

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$700 Billion? Try $5 Trilion – So says Marc Faber originally appeared on Credit Writedowns

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Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

Marc Faber: Obama’s not going to be good for the market 18 Jun 2008
Marc Faber: “I think a lot of banks are already bankrupt” 11 Jul 2008
Marc Faber on CNBC: bearish on oil and India 23 Jun 2008