For the latest Marc Faber, go to http://MarcFaberBlog.com -
All stock markets and commodity markets were due for a meaningful correction. Any big event was likely to trigger a correction. The Tsunami was unfortunate, but it was a needed catalyst for this correction. The Japanese economy will probably experience some inflation because of this. This is also very bad news for the Yen. It is a big turning point, and it will continue to weaken. This is an opportunity in Japanese equities, but if there is a nuclear meltdown, then there could be a tremendous devastation on the people, the government, the economy, and the financial prospects for Japan.
If the nuclear scenario doesn't pan out, then this could be a great opportunity to invest in Japan. There is also the possibility that a second earthquake could cause even more damage. This will cause the financial world to watch this nuclear situation very closely. However, this could be rather healthy, since they won't be hanging on Ben Bernanke's every word anymore.
The money printer will continue to print. After QE3, you might as well expect QE4, QE5, QE6, QE7. Ben Bernanke doesn't know anything about economics, but he certainly watches the stock indices everyday. If he sees them weaken, then he will try to flood the markets with more money.
The outlook for employment is not good. In general, a nuclear meltdown is mildly positive for coal and oil. Oil is still a good bet from a risk reward perspective. Whether you think everything is going to collapse or whether you think everything is going to be sunny, oil will probably do well. However, remember that if you invest in oil companies and the price of oil goes up, the United States government will most likely impose an excess profits tax.
Until very recently, the Federal Reserve has had very few critiques. Within the past few months, there has been more criticism. Sadly, if the S&P index drops, those same critics will begin begging for more money printing.
@drax09 I would guess because he is cheap or avaleable. On his part because it gets him some free adviserment and he can sell his service or news letter.
SidneyBou 11 months ago
I believe this is current but please put date in title.
SidneyBou 11 months ago
QE 100?
Truthisnotarbitrary 11 months ago
Because some investors do have their hats on and are ultra bearish... they are called the silver bugs, and furthermore; gatherers of hard goods: H20, Rice, Silver, Gold, Gasoline, Clothes, foods, other bartering goods!
Truthisnotarbitrary 11 months ago
If they aren't going to take Marc Faber seriously, then why bother having him appear on the show? I'll never understand these CNBC chumps, especially Mr. MoneyTrust himself, Steve Leesman.
drax09 11 months ago