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View Full Version : Awesome Economist Interviews (Bloomberg & CNBC)




itsthepathocrats
10-23-2008, 11:24 AM
Marc Faber published the Boom, Gloom and Doom Report (http://www.gloomboomdoom.com).


Faber on Bloomberg
@1:30 he says: "Government goes out of business"!
http://www.bloomberg.com/avp/avp.htm...0Dq_d8mCjA.asf (http://www.bloomberg.com/avp/avp.htm?clipSRC=mms://media2.bloomberg.com/cache/vd0Dq_d8mCjA.asf)



Faber on CNBC: "World in a vicious downward spiral"
http://www.youtube.com/watch?v=r-C2z0rducc



One thing Faber said in effect: Lending and borrowing is what has gotten the US into the mess, and the "prescription" by Dr. Strangelove Bernanke and his instrument of mass destruction (paulson) is to get the banks to loaning again and the populace and corporations borrowing again. And to me that seems to be the plan. It strikes me as "this goddammed alcohol is killing you, so what you need is to drink more of this goddammed alcohol."


One thing I found out over the years is that Faber is often so right that he is too early and "ahead of the curve" (ex: his US dollar rally call this summer), hence "trading" based on his comments can be risky.

eric_cartman
10-23-2008, 11:33 AM
blog post i wrote about him. i agree with a lot of what he says.

http://kilatel.blogspot.com/2008/10/marc-faber-views-on-economy-and-what-to.html