DEEP THOUGHTS FROM MARC FABER
10 January 2010 by Cullen Roche
7 Comments
Some macro thoughts from one of the great investment minds of our time:
Part 1:
Part 2:
Part 3:
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Comments
Every1 knows we’re already over the cliff and the only thing holding us up is the suspension of disbelief if any1 especially from the government acknowledged the reality the world would end tomorrow. Unfortunately u can’t escape gravity with wishful thinking the current credit crisis isn’t over it’s only the breeze before the storm, make sure you can support you’re self for at least 1 year even if all hell broke loose (this probably wont happen tomorrow i give it upto 5 years to maerialize).
while i have made a little money off this dead body bounce,it doesn’t take a ph.d. to know we are still living in a house of cards.the color of the wallpaper has been merely changed to green from rose……..i feel alot better about my metals.
one geopolitical hiccup(greece,iran) i’ll push the button quick,probly before…..(soon).
this is not 82′ 89′ 95′ or 02′.anyone thinking so better back off on their meds.
i rarely even take aspirin.
i like marc,he balances out the corporate stock sunshine pumpers that sound like car salesman.
Why is this guy always on?
And how come no one talks about the fact that he used to be a managing director at Drexel Burnham. TPC, do you know the details of that story? I would be interested in hearing them.
Faber had no involvement in the blow-up at Drexel. He was a managing director in Hong Kong at the time.
Paul,
Who cares if he worked at Drexel, so did thousands of people who all lost their jobs when it went down and who have since gone on to success elsewhere, many of them headliners.
Focus should be on what he is saying and how long the establishment will keep holding the line against the common sense conclusions Faber and many smart guys have been expressing for over 18 months now.
TPC,
When was this recorded? while i agree with marc,and this info is basically timeless, he references Bush and the recent high in the dow.