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

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

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

Marc Faber says rate cuts won’t work

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

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

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

Oil to sink to $100

Oil at $100? That’s certainly my call and I’ll stick to it. So far my call of oil peaking at $150 is holding.( We’ll see for how long). On July 9th, after oil’s first pullback to $138 I said: Yesterday, oil fell the most in one day since the start of the Gulf War in