I dont think we will make a new high above 1370 on the S&P

Marc Faber : well, I think that the super bulls and super bears will be disappointed that we're in a trading range between 900 on the S&P and say1350, something like this. I don't think we will make a new high above the may 2nd high on the S&P which was 1370 , but I'd like to make the following observation , if you print money in the US it does not mean that it creates bubbles in the US , it can create bubble in your neighboring region , say, Latin America or Asia or it can create bubbles in precious metals or in commodities or in home prices somewhere else in the world or say, for instance, in China. and if the Chinese bubble burst one day which inevitably will happen, maybe not tomorrow but may be in three months,may be in three years, when it happens, it will have devastating consequences for the global economy. - in CNBC -



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

I think that stocks will continue to go up

Marc Faber : well, I think that I am very constructive and a great optimist in life otherwise I would commit suicide in view of the kind of governments we have nowadays because for sure they will take wealth away from the well to do people one way or the other. and from the middle class they will take it away through inflating the economy and lowering the standards of living , the typical household in western Europe in the U.S,. has lower standards of living today than, say, 20, 30 years ago. there's no question about this. and so I think that we are in a very difficult situation and that deleveraging must occur the governments don't want to recognize that. and so the fiscal deficits are out of hand. but it doesn't mean that stocks will go down when you print money. everything goes up at different times, different asset classes. and I think that stocks may still continue to go up and I rather own equities than government bonds for the next ten years. - in CNBC -

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

as long as we have Ben Bernanke and Janet Yellen at the FED they will print money

Marc Faber : Well before they'll go bankrupt they'll print money and they can print endless money and as long as we have Ben Bernanke and Janet Yellen at the FED they will also print money ,and so they can postpone the end game endlessly, endlessly not, but say for another five to ten years. but each money printing exercise brings about unintended consequences and these unintended consequences are partly higher inflation rates than would have been had no money been printed , I just read today that education cost this year will rise by 8 percent and that you know the typical household cannot afford anymore good education so the students have to get student loans now the student loans almost exceed consumer credit outstanding. so you essentially create more borrowings on top of an over leveraged society and eventually the hour of truth will happen - in CNBC -

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

The governments today are no more representing the interest of the communities

Marc Faber : ....Exactly what I mean, I think the governments today are no more representing the interest of the communities but they are defending their personal interests and essentially you can buy votes by voting for people who hand out money such as Mr Obama , I think he has good chance to be re-elected by simply distributing money, 48% of americans today, they get some kind of government subsidy and the problem is, in Italy, in Greece, in Spain, everywhere, entitlements should be cut now and not in 2026. that will be far too late. but nobody wants to accept the reality. - in CNBC -

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

The end crisis will be postponed until the sovereigns go bankrupt

Marc Faber : well, I don't know what other people think but what I think will happen eventually and there are so many contradictory statements coming out that nobody really knows ,But eventually the same will happen as i the United States the ECB will print money one way or the other and the debts that essentially should be written down to a realistic value will continue to be carried on the books of banks at unrealistic values so the end crisis will be postponed until the sovereigns go bankrupt.

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

Restrictive regulatory policies curtail any initiative by the small businessman

Marc Faber : We have expansionary fiscal policies, we have expansionary monetary policies but we have restrictive regulatory policies and it curtails any initiative by the small businessman . - in CNBC Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Western Economies Cannot Grow

Marc Faber : We've had far too many interventions in the Western world where the share of total economy that goes to government and is government-sponsored has grown. That essentially makes it very difficult for the Western world to grow sustainably...I don't see how the Western world including the U.S., Japan and Western Europe can grow. They're going to stagnate. - in CNBC



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

Americans need to work more for lower salaries

Marc Faber : I tell you what the u.s. needs. the u.s. needs a Lee Kuan Yew who stands in front of the u.s. and tells them, listen you lazy buggers , Now you have to tighten your belts, you have to save more,you have to work more for lower salaries and only through that will we get out of the current dilemma that essentially prevents the economy from growing - in CNBC

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

The lack of saving is the problem of the united states

Marc Faber : Well I tell what you to do. I think a flat tax on everybody would be actually a good measure and I think to reduce the regulatory environment in the u.s. and create again an environment. we have expansionary fiscal and monetary policies. but we have restrictive regulatory policies. and it curtails any initiative by the small businessmen. and the large businessmen, he doesn't employ and invest capital in the u.s. does he that in china or somewhere else in the world where the regulatory environment is more favorable. if you look at net investments in the u.s., it's gone down for the last 20 years. and it's now negative. in other words, basically the capital stock of America is not being replenished. but it's being replenished somewhere else. and at the same time, the policies ofthe Keynesians have always encouraged spending. we're not going to get out of recession by savings. spend, spend, spend. that is wrong. the lack of saving is the problem of the united states - in CNBC




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

Wall Street used the system. but didnt create the system

Marc Faber : Basically we have the Keynesians and we have the democrats and I am not saying that all democrats are equal, but they want interventions and we had far too many interventions in the western world where the share of the total economy that goes to government and is government sponsored has grown. and that essentially makes it very difficult for the western world to grow substantially. add to that huge level of debts, I don't see how the western world, including the U.S., Japan, and western Europe can actually grow. they're going to stagnate. and when you have stagnation over a longer period of time, then people start to ask questions and then they go after minorities, and Wall Street is a minority they are a minority that anyone else would have done the same. they used the system. but they didn't create the system. the system was created by the lobbyists and by Washington. so they should actually go to Washington and also occupy the federal reserve on the way. - in CNBC

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

Global Liquidity Is Tightening

Marc Faber : Despite the fact that the European Central Bank and the European governments will flood the market with liquidity to bail themselves out, global liquidity is tightening. Whenever global liquidity is tightening it is bad for asset prices but good for the U.S. dollar, as was the case in 2008. - in CNBC

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

CNBC Video Interview: October 11th

CNBC Video Interview: October 11th , Marc Faber of the Gloom, Doom & Boom Report, shares his outlook on the global economy on CNBC

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

Bullish on the US Dollar because the Global liquidity is tightening

Marc Faber is bullish on the US Dollar because the global liquidity is tightening Despite of the fact the ECB and European governments will flood the markets with liquidity to bail themselves out, global liquidity is tightening," he says. "It's bad for asset prices but it's good for the US dollar. - in CNBC 11th Oct 2011

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

Gold & Silver will be increasingly perceived as cash and less as commodities

Marc Faber : If you look at the environment we are in , there are a lot of similarities with 2008 where basically the financing for the exploration companies dried up the global liquidity shrunk asset prices collapsed but the US Dollar and the US government bonds were strong , and we have a repeat here of that situation ,my saying is that industrial commodities are vulnerable and still remain vulnerable . In the case of Gold and Silver I think increasingly they will be perceived as cash and increasingly they will move in strong hands- in CNBC-TV18 


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

Stocks Are Oversold But they still Can Go Lower

Yes, stocks are very oversold, but that does not mean they cannot go lower. The dreadful price action in both Copper and the Shanghai Composite points to new lows for the equity markets. After US stocks make a new low below 1100 on the S&P 500 (SPY), there could be a year-end rally followed by a more meaningful decline into 2012. Investors should use any bounce in stocks as an opportunity to reduce their equity exposure. - in Seeking Alpha, from the Gloom, Boom & Doom Newsletter

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

US Treasuries are Overbought & Susceptible To A Large Correction

Despite being bullish on the US dollar, Faber does not recommend treasuries, noting that they are overbought and susceptible to a large correction. - in Seeking Alpha, form the Gloom, Boom & Doom Newsletter

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

Short Term Bullish on US Dollar

It's true that the dollar has no intrinsic value and is being printed into infinity, but the US dollar will be your best friend for the next few months. As global liquidity contracts on EU debt concerns and a possible hard landing in China, Faber advises investors to be long the dollar. Note this is a short-term call; longer term the dollar is going to zero. - in Seeking Alpha, from the Gloom, Boom & Doom Report

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

Slowdown demand for Copper Is Signaling A Very Serious Slowdown In China's Economy

The price of copper is signaling a very serious slowdown (if not complete collapse) in China. This is what is really behind the move down in all commodities. A hard landing in China would be devastating for the global economy. The Shanghai composite is making new lows along with copper, which is very bearish. Also stay away from the Australian and Canadian currencies. If China crashes, these markets will get massacred. - in Seeking Alpha, from the Gloom, Boom & Doom Newsletter

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

Real Estate Markets In China Can Drop Massively

Marc Faber : Some real estate markets in China will blow up & massively so prices could easily drop 40 - 50 percent - in Reuters

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