Marc Faber interviewed at CNBC with Nouriel Roubini
Some excerpts from Dr. Faber:
A period of recovering dollar and a correction in asset markets.
Because strong dollar means global liquidity is tightening
US least cyclical economy.
Emerging markets are more cyclical…they are like warrants on the US economy
In a scenario where growth will be disappointing…emerging markets are kind of vulnerable. They also became the favorite investment destination by momentum players
The worse the global economy, the more stocks could go up because the world’s central bankers have become nothing more than money printers.
They’re dangerous to the health of the global economy.
They created the Nasdaq bubble, the housing bubble, and now they want to create another bubble to bail them out.
Total breakdown of the system is ahead of us and it will devastate the global economy.
For the central bankers of this world and in particular Mr. Greenspan and Mr. Bernanke, the market mechanism is alright as long as prices go up, except for crude oil. That they object. But when it goes down that they feel they have to intervene.
Some excerpts from Dr. Faber:
A period of recovering dollar and a correction in asset markets.
Because strong dollar means global liquidity is tightening
US least cyclical economy.
Emerging markets are more cyclical…they are like warrants on the US economy
In a scenario where growth will be disappointing…emerging markets are kind of vulnerable. They also became the favorite investment destination by momentum players
The worse the global economy, the more stocks could go up because the world’s central bankers have become nothing more than money printers.
They’re dangerous to the health of the global economy.
They created the Nasdaq bubble, the housing bubble, and now they want to create another bubble to bail them out.
Total breakdown of the system is ahead of us and it will devastate the global economy.
For the central bankers of this world and in particular Mr. Greenspan and Mr. Bernanke, the market mechanism is alright as long as prices go up, except for crude oil. That they object. But when it goes down that they feel they have to intervene.
No comments:
Post a Comment