Comments on: Marc Faber: Total Collapse Of Our Economic System http://www.tradersnarrative.com/marc-faber-total-collapse-of-our-economic-system-3060.html Freshly squeezed market commentary & analysis Sat, 20 Mar 2010 17:15:24 +0000 http://wordpress.org/?v=2.0.2 by: dacian http://www.tradersnarrative.com/marc-faber-total-collapse-of-our-economic-system-3060.html#comment-55485 Thu, 01 Oct 2009 09:04:37 +0000 http://www.tradersnarrative.com/marc-faber-total-collapse-of-our-economic-system-3060.html#comment-55485 I personally think Faber he's right, but he doesn't provide a timing; for me, if FED continues this path, USD will become toilet paper (but other paper currencies as well). As for the timing, I don't think deflation has run his course; Faber might be right like in 2/3 years from now. If you look at the bond market, those guys see no inflation at all; watch 10-year yields! I remember perfectly in spring 2008 Faber was speaking about Bernanke printing like crazy and the dollar will be worthless; he got it wrong for 2008! Yes, Bernanke printed, but credit contracted even faster. That's why probably now he avoids giving a timing for that collapse happening. Unfortunately, this is a real possibility; these people thinking they can micro-manage value of money, rates, credit, etc. are irresponsible, but they are just the ultimate expression of mass psychology, that's why are there actually. On the other hand, I don't think at all US will become Zimbabwe, not a second; Faber does! I personally think Faber he’s right, but he doesn’t provide a timing; for me, if FED continues this path, USD will become toilet paper (but other paper currencies as well).

As for the timing, I don’t think deflation has run his course; Faber might be right like in 2/3 years from now. If you look at the bond market, those guys see no inflation at all; watch 10-year yields!

I remember perfectly in spring 2008 Faber was speaking about Bernanke printing like crazy and the dollar will be worthless; he got it wrong for 2008! Yes, Bernanke printed, but credit contracted even faster. That’s why probably now he avoids giving a timing for that collapse happening. Unfortunately, this is a real possibility; these people thinking they can micro-manage value of money, rates, credit, etc. are irresponsible, but they are just the ultimate expression of mass psychology, that’s why are there actually.

On the other hand, I don’t think at all US will become Zimbabwe, not a second; Faber does!

]]> by: Babak http://www.tradersnarrative.com/marc-faber-total-collapse-of-our-economic-system-3060.html#comment-55474 Wed, 30 Sep 2009 23:00:37 +0000 http://www.tradersnarrative.com/marc-faber-total-collapse-of-our-economic-system-3060.html#comment-55474 badcompany, here is a <a href="http://www.cxoadvisory.com/gurus/Faber/" rel="nofollow">complete</a> look back on his opinions over time. He was both bullish and bearish back then so it is difficult to gauge but from a quick scan you are probably right, he was a bit more pessimistic. blues, I don't think a collapse means that the US will be a pile of rubble. Look at the UK for instance, they lost their standing as the top dogs a long time ago but they are still a force to be reckoned with. I think something like that will happen with the US - gradually. badcompany, here is a complete look back on his opinions over time. He was both bullish and bearish back then so it is difficult to gauge but from a quick scan you are probably right, he was a bit more pessimistic.

blues, I don’t think a collapse means that the US will be a pile of rubble. Look at the UK for instance, they lost their standing as the top dogs a long time ago but they are still a force to be reckoned with. I think something like that will happen with the US - gradually.

]]> by: badcompany http://www.tradersnarrative.com/marc-faber-total-collapse-of-our-economic-system-3060.html#comment-55468 Wed, 30 Sep 2009 19:30:10 +0000 http://www.tradersnarrative.com/marc-faber-total-collapse-of-our-economic-system-3060.html#comment-55468 how many years it took Rome to fail? The historical process takes dozens and hundred years to unfold. It's overstretching to use this kind of arguments on predicting next year's market/ how many years it took Rome to fail? The historical process takes dozens and hundred years to unfold. It’s overstretching to use this kind of arguments on predicting next year’s market/

]]> by: blues http://www.tradersnarrative.com/marc-faber-total-collapse-of-our-economic-system-3060.html#comment-55458 Tue, 29 Sep 2009 22:37:17 +0000 http://www.tradersnarrative.com/marc-faber-total-collapse-of-our-economic-system-3060.html#comment-55458 badcompany, "History is not on his side", NO, history IS on his side... every civilization and every country came to power will eventually fail and fall... tell me of anyone that didn't? American has been great for some time and now is time for it to fall and fail... If given long enough time, human race will fall and fail and be wiped out of existence... nothing last forever and the only "constant" is change itself... America was great when it first started, just like any other country. Our fore father created America under act of heroism and patriotism. And eventually just like any rich family or country (for that matter) it will die of greed and incompetence... badcompany, “History is not on his side”, NO, history IS on his side… every civilization and every country came to power will eventually fail and fall… tell me of anyone that didn’t? American has been great for some time and now is time for it to fall and fail… If given long enough time, human race will fall and fail and be wiped out of existence… nothing last forever and the only “constant” is change itself…

America was great when it first started, just like any other country. Our fore father created America under act of heroism and patriotism. And eventually just like any rich family or country (for that matter) it will die of greed and incompetence…

]]> by: blues http://www.tradersnarrative.com/marc-faber-total-collapse-of-our-economic-system-3060.html#comment-55457 Tue, 29 Sep 2009 22:31:46 +0000 http://www.tradersnarrative.com/marc-faber-total-collapse-of-our-economic-system-3060.html#comment-55457 And he is so very correct… Again, American has simply been wasting and spending waaay too much! Eventually they will collapse under it’s own weight… And he is so very correct… Again, American has simply been wasting and spending waaay too much! Eventually they will collapse under it’s own weight…

]]> by: badcompany http://www.tradersnarrative.com/marc-faber-total-collapse-of-our-economic-system-3060.html#comment-55452 Tue, 29 Sep 2009 20:16:59 +0000 http://www.tradersnarrative.com/marc-faber-total-collapse-of-our-economic-system-3060.html#comment-55452 Faber has too much bearish bias, which is typical of people believing in Austrian economics. History is not on his side, checking his past forecasts and you will find he turn bearish at the end of 2003, and kept that opinion for several years. Faber has too much bearish bias, which is typical of people believing in Austrian economics. History is not on his side, checking his past forecasts and you will find he turn bearish at the end of 2003, and kept that opinion for several years.

]]> by: Babak http://www.tradersnarrative.com/marc-faber-total-collapse-of-our-economic-system-3060.html#comment-55446 Tue, 29 Sep 2009 14:06:22 +0000 http://www.tradersnarrative.com/marc-faber-total-collapse-of-our-economic-system-3060.html#comment-55446 He also called Japan's bubble as well as Russia's collapse (and probably a few more crisis that never came about... or haven't yet). He also called Japan’s bubble as well as Russia’s collapse (and probably a few more crisis that never came about… or haven’t yet).

]]> by: david lomascolo http://www.tradersnarrative.com/marc-faber-total-collapse-of-our-economic-system-3060.html#comment-55445 Tue, 29 Sep 2009 13:59:02 +0000 http://www.tradersnarrative.com/marc-faber-total-collapse-of-our-economic-system-3060.html#comment-55445 just looked at my original Barrons from Oct. 26 1987 pg 13 article Marc Faber Still Bearish On The World just looked at my original Barrons from Oct. 26 1987
pg 13 article Marc Faber Still Bearish On The World

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