Marc Faber: China’s numbers are fake

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

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

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

Marc Faber Raw

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

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

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

Marc Faber: “it’s very tough for a forecaster who was ultra-bearish to stay bearish”

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

Marc Faber makes bullish comments on Bloomberg

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

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

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

Marc Faber: Dr. Doom goes bullish

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

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

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

Nationalization talk everywhere

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

Marc Faber: The economic crisis is a consequence of U.S. government intervention

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

Stephen Roach: “Rates can go to unusually low levels for much longer than people think”

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