Marc Faber Signs of an Imminent Market Crash, Global Economic Crisis

Marc Faber Signs of an Imminent Market Crash, Global Economic Crisis



Marc Faber as usual did not mince his words, warning of a "recession", and predicting that China is simply not growing fast enough in real terms. Nothing new. He did however branch out into the topic of class divergence in both emerging and developed economies: "in front of far too many luxury hotels there are far too many Ferraris, Maseratis, Bentleys... I see a boom everywhere, except for the working class, except for the lower, middle class. But among the well to do people the wealth that is floating around and the prices you pay for high end properties is incredible, and I think that will come to an end, and a lot of people will lose a lot of money... I was in La Jolla, Laguna Beach, Newport Beach, I was in front of a restaurant smoking and I've never seen so many Ferraris, Maseratis, Bentleys and fancy cars anywhere in the world, and this is in America. I am not saying this is wrong, but there is an opulence among a small group of people that is huge when there are lots of people that are struggling. This gives me a bad feeling because I've seen so many emerging economies when they were booming, that was the time to get out." As for the US economy, Faber agrees that the only thing that can help is a massive crisis (or "conflagration" as David Stockman calls it) that jars America out of its hypnotic state. And, sure enough, it will come.

Marc Faber Fed Monetary Policy Will Destroy World

Marc Faber Fed Monetary Policy Will Destroy World


Marc Faber (born February 28, 1946) is a Swiss investor. Faber is publisher of the Gloom Boom & Doom Report newsletter and is the director of Marc Faber Ltd which acts as an investment advisor and fund manager.[1][2][3] Faber also serves as director or advisor of a number of investment funds that focus on emerging and frontier markets, including Leopard Capital’s Leopard Cambodia Fund. Faber has a reputation for being a contrarian investor and has been called "Doctor Doom" for a number of years. He was the subject of a book written by Nury Vittachi in 1998 entitled Doctor Doom - Riding the Millennial Storm - Marc Faber's Path to Profit in the Financial Crisis.[4][5] Faber has become a frequent speaker in various forums and makes numerous appearances on television around the world including various CNBC and Bloomberg outlets, as well as on internet venues like Jim Puplava's internet radio show.[6] Faber has also engaged the Barron's Roundtable[7] and the Manhattan Mises Circle. - wikipedia

MARC FABER : Stock Market Will Fall! Stocks & Gold Are Oversold

Marc Faber, author of the "Gloom Boom & Doom Report," is as bearish as ever.
"People with assets are all doomed, because prices are grossly inflated globally for stocks, bonds, and collectibles
," says the investment advisor in a new interview published in this week's Barron's.I thought the U.S. market would have a 20% correction last fall, but it didn't happen. I also said the market might explode to the upside before the correction occurred. We might be in the final acceleration phase now. The Standard & Poor's 500 is at 1650. It could rally to 1750 or even 2000 in the next month or two before collapsing.I own equities, and I should thank Mr. Bernanke. The Fed has been flooding the system with money.

MARC FABER Thanks Ben Bernanke

http://www.marcfabernews.com
Marc Faber : I own equities, and I should thank Mr. Bernanke. The Fed has been flooding the system with money. The problem is the money doesn't flow into the system evenly. It doesn't increase economic activity and asset prices in concert. Instead, it creates dangerous excesses in countries and asset classes. Money-printing fueled the colossal stock-market bubble of 1999-2000, when the Nasdaq more than doubled, becoming disconnected from economic reality. It fueled the housing bubble, which burst in 2008, and the commodities bubble. Now money is flowing into the high-end asset market—things like stocks, bonds, art, wine, jewelry, and luxury real estate. The art-auction houses are seeing record sales. Property prices in the Hamptons rose 35% last year. Sandy Weill [the former head of Citigroup] bought a Manhattan condominium in 2007 for $43.7 million. He sold it last year for $88 million.
Money-printing boosts the economy of the people closest to the money flow. But it doesn't help the worker in Detroit, or the vast majority of the middle class. It leads to a widening wealth gap. The majority loses, and the minority wins. Although I have been a beneficiary of this policy, I can't approve as an economist and social observer.


Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Marc Faber Discusses U S Dollar, Stocks, Inflation, Meltdown

The inflation we are only beginning to see is already baked into the cake because of the monopoly money the Fed has already printed. To finance our increasing debt, we need to either borrow, print, or tax. China finally figured out there’s no way we can pay them back, so they’re not lending us anymore money. And there comes a point where if taxes are raised too much, what’s the point of working? And besides, if we were all taxed 100%, we still couldn’t get out of the hole we’re in. Our economic ship has hit a gigantic iceberg of debt and derivatives and is taking on water. And the captain of the ship, Obama, is purposely and repeatedly ramming the ship back into the iceberg. And the rest of our political leaders (and I use the term “leaders” loosely) are no better. If our economy is a patient in cardiac arrest right now, they only argue about what size band aid to put on the patient. And so the only arrow left in the quiver of the Fed is the printing press. The bottom line is our economic ship is taking on water and the Fed has been reduced to rearranging the furniture on the deck of the Titanic. Welcome to your new financial reality America. We are on the cusp of the Great Depression 2—wider and deeper and vaster in scope and scale than the Great Depression 1 because we are drowning in a vast sea of debt, a deluge of derivatives on a scale and scope that dwarfs all else. The best thing you can do for yourself and your family right now is start preparing for economic collapse. It’s time to batten down the hatches. If you haven’t drawn near to God yet, this would be a good time to start. God knows how to take care of those that belong to Him during times of famine.

China is using North Korea to do their dirty work says Marc Faber

Marc Faber : "Don`t think the North Koreans are acting alone," he said. China is in cahoots with the North, he said, despite Beijing`s tough talk against Pyongyang over the weekend. China`s foreign minister said it would not allow "trouble making" on its doorstep, while Chinese President Xi Jinping appeared to rebuke North Korea during a speech, in which he said no country should be allowed to cause chaos "for selfish gain." Faber noted, "In general, [North Korea] is a country that can hardly produce bicycles. They have practically no industries. How can they have nuclear technology? How can they supply weapons to Iran?" He claimed that "China is using the North Koreans" to do their dirty work. - in CNBC Squawk Box

Marc Faber : Cyprus Style Deposit Confiscation Is Coming To the US & Stock Market could Crash this Year

Marc Faber, Gloom Boom & Doom Report, explains why he believes the rally could end badly this year. "I said either we would have a correction now and then, or no correction and a blow off like in '87 and what concerns me real willy is that most foreign marks have to form since January, emerging markets are down 10% European markets have grossly underperformed. in other words, the u.s. is the only game in town. each time there was only one game in town, and in 1997 to 2000 and commodities in 2008 and then emerging marks. I'm very cautious about the u.s. market and i think we can very well have the crash from the summer onward." said Marc Faber

Marc Faber : US and European interest rates are negative in real terms

Marc Faber : “US and European interest rates are negative in real terms, the rate of inflation is significantly higher than what governments are saying,” “You can see it when you pay for your insurance premiums, your groceries, your child’s pre-kindergarten schooling in New York there has been a loss of pricing power for most people.”