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DR DOOM VS. DR DOOM

12 August 2009 by Admin 2 Comments

This was a superb interview on earlier this morning.  It’s interesting to note that Roubini appears to have succumbed to the pressure of turning into bull and done so after the 50% rally – classic scientific method & economist error.  Faber, of course, is far less optimistic:

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Comments
  • Dean

    Marc Faber has just released his Gloom Boom & Doom Report in which he goes more in depth into the inflation vs deflation debate

    “If deflationists are right (and they could be right in the near term, in my opinion), then the US government bonds and the dollar will rally, while stocks, commodities, real estate, and lower-quality corporate bonds will tank. But if I am very confident about making one prediction, it is that, if we have further deflation in the immediate future, there will be not one more, but many more stimulus packages and further massive monetisation. So, government debt-to-GDP could easily double within five years. Now, does anyone seriously think that the dollar and government bond prices wouldn’t at some point begin to reflect concerns about the financial condition of the US under these conditions? ” Marc Faber said in his report

    08/12/2009 at 6:45 PM
  • James

    I always liked Marc Faber and still do. He is consistent but also calls times where the markets could do “this or that” even if it goes against his personal doctrine.

    08/13/2009 at 1:32 AM