“I think a lot of banks are already bankrupt.” “And a lot of insurance companies and financial institutions, but they hide their rotten assets in level three asset categories, where you don’t need to value them.”
“I think the financial sector by and large has much larger problems than is perceived by [...]

The Vancouver Sun is on a roll today. They have another post on ICBC that makes for interesting reading. Frankly, I don’t know what to make of it. But it makes for a good read.
Chinese bank has market cap twice that of JPMorgan
First, the article starts off stating that the head of [...]

I have uploaded the associated PDF for this teleconference. Click here for PDF.
U.S. Global Investors Exclusive Webcast: Where is the Boom and the Doom?
SAN ANTONIO–(BUSINESS WIRE)–U.S. Global Investors (NASDAQ:GROW), a boutique investment adviser specializing in natural resources and emerging markets, will host a webcast titled, “Where is the Boom and the Doom?” on Friday, [...]

In an interview with CNBC India, international investor Marc Faber says that gold is his commodity of choice right now.
Marc Faber sees demand for commodities to come off in second half of 2008 in India and China. He will rather buy gold at current levels rather than other commodities and sees lot of money [...]

These are the picks of the day according to an article about what international investor Marc Faber is looking at. Despite the article’s bullish call on commodities, I know that Faber is on the record as saying that oil is due for a correction soon. And in Barron’s he mentioned that steel demand [...]

Transcript of the interview with CNBC India here. He’s bearish on oil short-term. He’s bearish on financials and sees bankruptcies in the offng soon. This is a view I share. Bearish on India as well. I’ll be looking to update via the original video, if possible.

Share

I was reading Barron’s 2008 Midyear 2008 Roundtable just yesterday when a comment by Marc Faber struck me. He said that Obama is “not going to be good for the market.” He expects Barack Obama to win in November and for the investment markets to suffer as a result. Although I support Obama, I [...]