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Marc Faber’s ‘Sense on Cents’

Posted by Larry Doyle on April 4, 2012 5:53 AM |

Marc Faber is commonly referred to as Dr. Doom for his fatalistic outlooks on the economy and markets. I personally would not call him that. I would designate him as Dr. Truth.

In a recent Bloomberg interview, he offered a wealth of fabulous insights including:
1. the market is overbought and market technicals are deteriorating.
2. earnings will disappoint as profit margins are  being squeezed.
3. cost pressures within raw materials and especially energy will continue to remain elevated.
4. for asset prices to maintain these levels, QE3 would have to be “gigantic’… that is much larger than QE1 and QE2.
5. real cost of living is running much higher than mere increase reflected in official statistics reported by CPI.
6. gold is in a correction phase.
7. MY FAVORITE…he does not trust the government, the Federal Reserve, and the European Central Bank.

This video clip runs for 8 minutes but it is worth a lot more than that token time commitment.

The Marc Faber Blog is well worth a regular read. I will add Faber to the Sense on Cents Blogroll today.

Larry Doyle

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I have no affiliation or business interest with any entity referenced in this commentary. The opinions expressed are my own. I am a proponent of real transparency within our markets, our economy, and our political realm so that meaningful investor confidence and investor protection can be achieved.

 

  • dave

    He’s a kooky crank. Don’t add him, Larry.

  • Bill

    On the cost of living increase, how many items are only increasing at 2% per annum? Health ins., homeowner ins., gasoline, food, fishing waders (some I bought were up 15% yoy)? All these items are going up in double digits.






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