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Re: Faber at his finest!
Link doesn't work All I get is an ad for Mortgage Rate Experts.Originally posted by kingcopper View PostEd. -
Re: Faber at his finest!
http://www.cnbc.com/id/27834889/
Try this link Fred. I apologize for my piss poor skills.Comment
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Re: Faber at his finest!
No problem!Originally posted by kingcopper View Post
Looks like he's got his bases covered. If the market rallies he was right because asset prices are beaten down, if it doesn't he was right because it's worse than the Great Depression.The sheer amount of money governments are pumping into the financial system will eventually lead to a very strong rally in beaten-down assets, investor Marc Faber said on CNBC Friday.
But Faber also warned that if the markets remain depressed as liquidity increases the result could be a depression worse than in 1929.Ed.Comment
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Re: Faber at his finest!
I subscribe to Faber's Gloom, Boom and Doom report. Its quite insightful. However, he does have an annoying habit of saying one thing that you might trade on, and then qualifying with another possibility which would have the opposite outcome. To be fair, he usually gives you an idea of which probability he thinks is higher, and he has a good track record of reasonable calls. However, his track record is no better than Itulip, and his forecasting is not nearly as precise and daring.Originally posted by FRED View PostComment
For a concise, readable summary of iTulip concepts developed over the past 16 years and a vision of a challenging next decade and how to navigate it, read Eric Janszen's book "Post Catastrophe Economy".
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