- Source Sprott:
Monday, March 31, 2014
Emerging Economies Will Submerge Soon, Gold Demand to Follow
Saturday, March 29, 2014
Marc Faber: Gold is Your Best Cash
Treasuries OK now, but not later
World Debt is spelled Doom
Sunday, March 16, 2014
Unrest In Ukraine, Thailand & Venezuela From Lack Of Recovery
Friday, March 14, 2014
Wednesday, March 12, 2014
Usually These Long Bull Markets End Badly
The long-running bull market in U.S. stocks runs the risk of ending badly, and that's why perennial contrarian Marc Faber warned investors Tuesday to stay away.
"In the U.S., it's probably too late to buy," the publisher of "The Gloom, Boom & Doom Report" told CNBC.
The Dow Jones Industrial Average and S&P 500 Index are coming off their first two-week winning streaks of 2014, and their best single week of gains of the year.
Faber said that stocks have been going strong for five years. "And by the end of March, we will be in the second-longest bull market for the last eight years," he added in a "Squawk Box" interview.
"Usually these long bull markets, they end badly," he said, pointing to the 1987 crash and the significant declines in 2000 and 2007.
"So I don't think it's a very opportune time to buy [U.S.] equities," Faber added.
While it might be too early to buy some of the beaten-down emerging markets at these levels, investors can make money in the longer-term, he said.
"I think I can make the case that over the next five to 10 years, I will make more money by buying now in the emerging economies then in the U.S.," Faber said.
"In the U.S., it's probably too late to buy," the publisher of "The Gloom, Boom & Doom Report" told CNBC.
The Dow Jones Industrial Average and S&P 500 Index are coming off their first two-week winning streaks of 2014, and their best single week of gains of the year.
Faber said that stocks have been going strong for five years. "And by the end of March, we will be in the second-longest bull market for the last eight years," he added in a "Squawk Box" interview.
"Usually these long bull markets, they end badly," he said, pointing to the 1987 crash and the significant declines in 2000 and 2007.
"So I don't think it's a very opportune time to buy [U.S.] equities," Faber added.
While it might be too early to buy some of the beaten-down emerging markets at these levels, investors can make money in the longer-term, he said.
"I think I can make the case that over the next five to 10 years, I will make more money by buying now in the emerging economies then in the U.S.," Faber said.
- Source, CNBC:
Monday, March 10, 2014
Probably Too Late to Buy US Stocks
- Source, CNBC:
Tuesday, March 4, 2014
A Vicious Circle To The Downside Is Just Beginning
"It's not just tapering that is putting pressure on markets," Marc Faber warns in thie brief clip. "Emerging economies have practically no growth and we have a slowdown in China that is more meaningful than strategists are willing to believe," he adds and this is "causing a vicious circle to the downside" in inflated asset markets as most of the growth in the world over the last five years has come from emerging markets. Faber suggests Treasuries as a safe haven in the short-term; but is nervous of their value in the long-term as "debt is becoming burdensome on the system." "A lot of economic growth was driven by soaring asset prices"
- Marc Faber via a recent CNBC interview
Sunday, March 2, 2014
What Could Crash Stocks in 2014?
Its interesting that despite all the money printing bond yields didnt go down, they bottomed out on July 25th 2012 at 1.43 percent of the 10 year. We are now 2.85 percent. We are up substantially. This hasn't had an impact on stocks yet. Infact it pushed money into the stock market out of the bond market.
But if they 10 years goes to three and half to four percent and the 30 year goes to close to five percent, the mortgage rates go 6 percent, that will hit the economy very hard.
But if they 10 years goes to three and half to four percent and the 30 year goes to close to five percent, the mortgage rates go 6 percent, that will hit the economy very hard.
- Marc Faber
Friday, February 28, 2014
Rapidly Escalating Household Debt
Faber warned of the risks of the present global credit bubble and said another slowdown could follow on the back of rising consumer debt levels – which had previously helped to create growth.
"Total credit as a percent of the global economy is now 30 percent higher than it was at the start of the economic crisis in 2007, we have had rapidly escalating household debt, especially in emerging economies and resource economies like Canada and Australia and we have come to a point where household debt has become burdensome on the system—that is, where an economic slowdown follows."
"Total credit as a percent of the global economy is now 30 percent higher than it was at the start of the economic crisis in 2007, we have had rapidly escalating household debt, especially in emerging economies and resource economies like Canada and Australia and we have come to a point where household debt has become burdensome on the system—that is, where an economic slowdown follows."
- Source, CNBC:
Wednesday, February 26, 2014
Treasury Yields to Rise as Investors Seek Safe Haven
Since the Fed started tapering its monthly asset purchases by $10 billion a month in December and another $10 billion in January, stock markets have taken a tumble. Emerging markets fell first; this week the U.S. and Europe have also seen significant weakness.
On Monday, U.S. stocks saw their worst start to February since 1933 after a manufacturing report heightened concern about the strength of the U.S. economy.Overall factory activity hit an eight-month low in January as new order growth plunged by the most in 33 years.
Illustrating the heightened state of concern among investors, the CBOE Volatility Index rose above 20 on Monday for the first time in four months, while the yield on the 10-year Treasury note hit a three-month low. Faber said he had been advising his readers to buy 10-year U.S. Treasurys over the last few months. He expects yields to rise as investors would seek a safe haven.
"For the next three to six months probably they are a better place to be than equities," he warned. "I don't like [10-year Treasurys] for the long-term because the maximum you can earn is something like 2.65 percent per annum for the next 10 years, but Treasurys are expected to rally because of economic weakness and a stock market decline. In the last few years at least there was a flight into quality – that is, a flight into Treasurys."
On Monday, U.S. stocks saw their worst start to February since 1933 after a manufacturing report heightened concern about the strength of the U.S. economy.Overall factory activity hit an eight-month low in January as new order growth plunged by the most in 33 years.
Illustrating the heightened state of concern among investors, the CBOE Volatility Index rose above 20 on Monday for the first time in four months, while the yield on the 10-year Treasury note hit a three-month low. Faber said he had been advising his readers to buy 10-year U.S. Treasurys over the last few months. He expects yields to rise as investors would seek a safe haven.
"For the next three to six months probably they are a better place to be than equities," he warned. "I don't like [10-year Treasurys] for the long-term because the maximum you can earn is something like 2.65 percent per annum for the next 10 years, but Treasurys are expected to rally because of economic weakness and a stock market decline. In the last few years at least there was a flight into quality – that is, a flight into Treasurys."
- Source, CNBC:
Monday, February 24, 2014
Marc Faber Fed Monetary Policy Will Destroy World
- Source, Bloomberg TV:
Saturday, February 22, 2014
Fed Policy Has Led to Global Problems
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