Sunday, February 27, 2011

Marc Faber: "I Think We Are All Doomed"



All who enjoy hearing a meaty Marc Faber fire and brimstone sermon, that cuts through the bullshit, will be happy to know that the Gloom, Boom and Doom author conducted a 40 minute interview with the McAlvany Financial Group, which covers all the usual suspects: gold, silver, precious and industrial metals, the "crack up boom", the future of the Ponzi and capital markets in general and much more. Of course, it wouldn't be a Faber interview without the requisite soundbite: "I think we are all doomed. I think what will happen is that we are in the midst of a kind of a crack-up boom that is not sustainable, that eventually the economy will deteriorate, that there will be more money-printing, and then you have inflation, and a poor economy, an extreme form of stagflation, and, eventually, in that situation, countries go to war, and, as a whole, derivatives, the market, and everything will collapse, and like a computer when it crashes, you will have to reboot it." Of course, on a long enough timeline...



A Look At Events In The Week Ahead: Global PMIs, US Payrolls And Middle East Deterioration

 

Egypt Bans Export Of Gold "In Any Form"

 

Rate Of Spread Between GBP And JPY Spec Bets Cut In Half, And Other Commitment Of Trader Observations

 

Technical Observations On An Extremely Overbought Market With 123 Consecutive Closes Above The 55 DMA

 

The Not So Funny Funnies...


Silver ishares SLV Anomolies Part 4- Guest post Video

 

 

No comments:

Post a Comment