I want to party with this guy. My dream party would be drinking and smoking weed with Willie Nelson, Keith Richard, Bob Dylan, Mark Steyn, and Marc Faber! That'd be a party!
There is a big difference between 2008 and 1929 : the world population is more knowledgeable, skilled and better educated. And the world is not so reliant on American economic success.
Along with Jimmy Rogers, Faber is probably the best investment mind out there right now. Wouldn't you like to see Faber, Jimmy Rogers, Buffet and maybe a touch of Roubini melded into one investor? That hypothetical investor would probably own the World now.
Manhattan is like a boom town but everyone walking down the street is foreign. I went to Miami for vacation in April, we were the only Americans in the hotel. Cheap dollars draw them in from overseas but there is no money in American pockets right now.
I wish I could just must the host lady, she seems too dumb to be hosting a Bloomberg show, "Blah blah..I love facebook...the market is picking up blah blah.."
Maseratis, Bentleys, Astons, Ferrari etc. have been an absurdly high % of the new cars in my neighborhood post-Lehman. I'm glad Faber is calling out this as a reason to worry a lot.
@kulashakement I'm in the Eastern U.S., a area with very high median incomes. New lower end luxury cars: small BMWs, Mercedes, Volvos, etc. seem less common than pre-Lehman, but new AMGs, Maybachs, Lamborghinis, etc. appear more often than before. I'm guessing lots of private equity money, including real estate that cashed out, some financiers, and some high-tech entrepreneurs. But even most traditional 'money' occupations are hurting, hence the lack of new 3-series BMWs, etc.
@TheThinkingManCan Interesting, thanks. I live in the UK where display of luxury is more subtle than usually, e.g. holiday home in Tuscany, penthouse view etc. Anyway, in London taxis are your friend. You couldn't really push your Lamborghini to the max unless you go on the German Autobahns :)
I don't see any sign that this countrys leaders can deal with the problems we face. I believe that our run as a juggernaut is coming to a close. we will be entering a very dark time soon.
what is QE3?
pipefitters1 2 months ago
I want to party with this guy. My dream party would be drinking and smoking weed with Willie Nelson, Keith Richard, Bob Dylan, Mark Steyn, and Marc Faber! That'd be a party!
sparkomatic 6 months ago
i think QE3 is at the door. Bernanke, come out and tell us what we all ready know!!
booboobeezy 7 months ago
LIBERTARIANMONARCHY . COM
ecnerwal999 7 months ago
This has been flagged as spam show
So we know what to expect next Tuesday.
GuntherL1 7 months ago
Definitely the sharpest tool in the shed Dr. Faber!
MachTwo1 7 months ago
"We know what we are, but we know not what we may become"
- William Shakespeare
drs7773ify 7 months ago
There is a big difference between 2008 and 1929 : the world population is more knowledgeable, skilled and better educated. And the world is not so reliant on American economic success.
Just a thought.
drs7773ify 7 months ago
twitter.com/#!/westpointinvest ...Gives daily financial opinions
westpointinvest 8 months ago
This has been flagged as spam show
check out the new peter schiff radio show (june 20th) with bitcoins donald norman..... peter asks some great questions and sheds some light
NewbWorksDwarven 8 months ago
Along with Jimmy Rogers, Faber is probably the best investment mind out there right now. Wouldn't you like to see Faber, Jimmy Rogers, Buffet and maybe a touch of Roubini melded into one investor? That hypothetical investor would probably own the World now.
GaussTruth 8 months ago
Real estate offers value? No way can I agree with this Faber point.
Real estate is a scam benefiting the banks and local governments the most.
Beesnchickens 8 months ago
Nice to listen to common sense. No spin.
oneleftshoe21 9 months ago 3
Marc Faber - Excellent as always!!!
badhabitz69 9 months ago 3
Manhattan is like a boom town but everyone walking down the street is foreign. I went to Miami for vacation in April, we were the only Americans in the hotel. Cheap dollars draw them in from overseas but there is no money in American pockets right now.
pismo10 9 months ago
They will hide all the problems by printing more dollars.
pismo10 9 months ago
good man...! people buy cigares :) you will make always money...smoke faber smoke...hahaha
turkishtrader 9 months ago
I wish I could just must the host lady, she seems too dumb to be hosting a Bloomberg show, "Blah blah..I love facebook...the market is picking up blah blah.."
aev7ify 9 months ago
Did he say more on Pakistan? It looked like something was edited out.
devinhobbes 9 months ago
yeah i hope he lives long enugh that i can learn to invest by my own
madridisinSpain 9 months ago
Faber is one of the most inteligent investors our generation has seen. I wish we had people like hi
vauto254 9 months ago
Faber is the best! :)
interxmen 9 months ago 19
Proper nice watch Dr Faber !!! haah got look for a gd one when i go bak to swiss in a few weeks!
L9PoloPa 9 months ago
Marc is the definition of Wise
jezza1789 9 months ago 12
I' m getting ready to buy long term Puts on the DIA, QQQQ, and, SLV, and maybe GLD. Probably 6 months out.
62636263c 9 months ago
Maseratis, Bentleys, Astons, Ferrari etc. have been an absurdly high % of the new cars in my neighborhood post-Lehman. I'm glad Faber is calling out this as a reason to worry a lot.
TheThinkingManCan 9 months ago
@TheThinkingManCan
Which area do you live in? Do you know what kind of folk they belong to? Just curious.
kulashakement 9 months ago
@kulashakement I'm in the Eastern U.S., a area with very high median incomes. New lower end luxury cars: small BMWs, Mercedes, Volvos, etc. seem less common than pre-Lehman, but new AMGs, Maybachs, Lamborghinis, etc. appear more often than before. I'm guessing lots of private equity money, including real estate that cashed out, some financiers, and some high-tech entrepreneurs. But even most traditional 'money' occupations are hurting, hence the lack of new 3-series BMWs, etc.
TheThinkingManCan 9 months ago
@TheThinkingManCan Interesting, thanks. I live in the UK where display of luxury is more subtle than usually, e.g. holiday home in Tuscany, penthouse view etc. Anyway, in London taxis are your friend. You couldn't really push your Lamborghini to the max unless you go on the German Autobahns :)
kulashakement 9 months ago
Comment removed
blythebaby777 9 months ago
I don't see any sign that this countrys leaders can deal with the problems we face. I believe that our run as a juggernaut is coming to a close. we will be entering a very dark time soon.
ramjamflimflam 9 months ago
get your gold baby!
solojam 9 months ago
It's good that Faber is interviewed by a serious reporter, and not by the "Fast Money" monkeys of CNBC.
dv2012 9 months ago
@dv2012 hahaha thats the funniest thing ive ever heard. and its all true. hahah fast cnbc monkeys. hahahahahahah!!!!!
RPJunky 9 months ago