Best of the Week
Most Popular
1.Are UK Savings Interest Rates Finally Starting to Rise? Best Cash ISA 2017 - Nadeem_Walayat
2.Inflation Tsunami - Supermarkets, Retail Sector Crisis 2017, EU Suicide and Burning Stocks - Nadeem_Walayat
3.Big Moves in the World Stock Markets - Big Bases - Rambus_Chartology
4.The Next Financial Implosion Is Not Going To Be About The Banks! - Gordon_T_Long
5.Why EU BrExit Single Market Access Hard line is European Union Committing Suicide - Nadeem_Walayat
6.Trump Ramps Up US Military Debt Spending In Preparations for China War - Nadeem_Walayat
7.Watch What Happens When Silver Price Hits $26...  - MoneyMetals
8.Stock Market Fake Risk, Fake Return? Market Crash? - 2nd Mar 17 - Axel_Merk
9.Global Inflation Surges, Central Banks Losing Control and Triggered the Wage Price Spiral? - Nadeem_Walayat
10.Why Gold Will Boom In 2017 - James Burgess
Last 7 days
US Stock Market Consolidation Time - 27th Mar 17
Russia Crisis - Maps That Signal Growing Instability and Unrest - 27th Mar 17
Goldman Sachs Backing A Copper Boom In 2017 - 27th Mar 17
Foundation – Fall Of The American Galactic Empire - 27th Mar 17
Stock Market More Correction Ahead - 27th Mar 17
US Dollar Inflection Point - 27th Mar 17
Political Week Presurres US Stock Market - 25th Mar 17
London Terror Attack Red Herring, Real Issue is Age of Reason vs Religion - 25th Mar 17
Will Washington Risk WW3 to Block an Emerging EU-Russia Superstate - 25th Mar 17
Unaccountable Military Industrial Complex Is Destroying America and the Rest Of The World Too - 25th Mar 17
Silver Mining Stock Fundamentals - 24th Mar 17
A Walk Down the Dark Road of Bad Government - 24th Mar 17
Is Stock Market Flash Crash Postponed Until Monday? - 24th Mar 17
Stock Market Bubble and Gold - 24th Mar 17
Maps Of Past Empires That Can Tell Us About The Future - 24th Mar 17
SNP Independent Scotland's Destiny With Economic Catastrophe, the English Subsidy - IndyRef2 - 24th Mar 17
Stock Market VIX Cycles Set To Explode March/April 2017 – Part II - 23rd Mar 17
Is Now a Good Time to Invest in the US Housing Market? - 23rd Mar 17
The Stock Market Is a Present-Day Version of Pavlov’s Dog - 23rd Mar 17
US Budget - There’s Almost Nothing Left To Cut - 23rd Mar 17
Stock Market Upward Reversal Or Just Quick Rebound Before Another Leg Down? - 23rd Mar 17
Trends to Look Out For as a Modern-day Landlord - 23rd Mar 17
Here’s Why Interstate Health Insurance Won’t Fix Obamacare / Trumpcare - 23rd Mar 17
China’s Biggest Limitations Determine the Future of East Asia - 23rd Mar 17
This is About So Much More Than Trump and Brexit - 23rd Mar 17
Trump Stock Market Rally Over? 20% Bear Drop By Mid Summer? - 22nd Mar 17
Trump Added $3 Trillion in Wealth to Stock Market Participants - 22nd Mar 17
What's Next for the US Dollar, Gold and Stocks? - 22nd Mar 17
MSM Bond Market Full Nonsense Mode as ‘Trump Trades’ Unwind on Schedule - 22nd Mar 17
Peak Gold – Biggest Gold Story Not Being Reported - 22nd Mar 17
Return of Sovereign France, Europe’s Changing Landscape - 22nd Mar 17
Trump Stocks Bull Market Rolling Over? You Were Warned! - 22nd Mar 17
Stock Market Charts That Scream “This Is It” - Here’s What to Do - 22nd Mar 17
Raising the Minimum Wage Is a Jobs Killing Move - 22nd Mar 17
Potential Bottoming Patterns in Gold and Silver Precious Metals Stocks Complex... - 22nd Mar 17
UK Stagflation, Soaring Inflation CPI 2.3%, RPI 3.2%, Real 4.4% - 21st Mar 17
The Demise of the Gold and Silver Bull Run is Greatly Exaggerated - 21st Mar 17
USD Decline Continues, Pull SPX Down as well? - 21st Mar 17
Trump Watershed Budget - 21st Mar 17
How do Client Acquisition Offers Affect Businesses? - 21st Mar 17
Physical Metals Demand Plus Manipulation Suits Will Break Paper Market - 20th Mar 17
Stock Market Uncertainty Following Interest Rate Increase - Will Uptrend Continue? - 20th Mar 17
Precious Metals : Who’s in Charge ? - 20th Mar 17
Stock Market Correction Continues - 20th Mar 17
Why The Status Quo Is Under Increasing Attack By 'Populist People Power' - 20th Mar 17
Why the SNP WILL Destroy Scotland, Exit UK Single Market for EU - IndyRef2 - 19th Mar 17
Crypto Craziness: Bitcoin Plunges on Fork Concerns, Steem Skyrockets and Dash Surges Above $100 - 19th Mar 17
What ‘Ice-Nine’ Means for Your Money - 19th Mar 17
Stock Market 4 Year Cycle - 18th Mar 17

Market Oracle FREE Newsletter

Elliott Wave Trading

Marc Faber on the Coming Economic Catastrophe Triggered by the Next AIG to Fall

Economics / Great Depression II May 31, 2010 - 03:34 AM GMT

By: Videos

Economics

An hour long Diamond Rated - Best Financial Markets Analysis ArticlePresented by Marc Faber at "Austrian Economics and the Financial Markets," the Mises Circle in Manhattan in New York, New York. Includes an introduction by Mises Institute president Douglas E. French. We ain' t seen nothing' yet, says Marc Faber.


Marc Faber, the only guy who can tell a room full of people that they are doomed and receive a standing ovation.


© 2005-2016 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Comments

freg
02 Jun 10, 09:16
Faber

Faber is a hack.


Ted
08 Jun 10, 05:45
Faber is a hack

He is a hack and an idiot like the other extremists (Schiff, Roubini, etc.) Listen to these men and you will go broke. These guys are trying to manipulate gold and the dollar while steering you into the sewer. Do not trust what they say. If you think they have a clue, you are very naive.


Proph
19 Apr 11, 21:54
Faber

It's great to hear someone speak the truth so bluntly. Amazing how he called the turn around in March 2009 and gold stocks at the end of November 2008. All I can say is thank you Marc. You made me a lot of money.

For the naive speaker above keep on listening to the shills!

Pain is the best teacher.


Paul_B
20 Apr 11, 15:20
Faber is the Main Man!

Faber has been right all along. It's people with his skeptical outlook that have been making all the big money and making the right calls over the last several years. When Faber speaks, I listen and take heed. When Goldman speaks, on the other hand, I know for a fact they're trying to sell me a pig in a poke and throw people off the scent. That's what they did to their own paying customers: sold them junk stock on recommendation. If they're low enough to do that to even their own customers, then there's no way on God's earth am I paying a shred of attention to any of the projections/ predictions Goldman and others of their ilk casually spew out for free. Stick with Faber, Schiff and Celente and you won't go far wrong.


TraderJoe
20 Apr 11, 18:59
Faber IS A HACK

I am a former subscriber to Fabers doom and gloom service, and know preciesly that he is a hack seller of junk that called an end to the Stock market rally in October 2009,

Here are some quotes From October 2009 - google them for proof !

“probably a total collapse in the second half of the year when it becomes clear that the economy is a total disaster.”

And celente is a clown that just repeats the same doom views over and over again - i.e. october 2009 -

Gerald Celente, Trends Research forecaster and contrarian thinker, advised listeners of the Jeff Rense show on September 23rd to look out below, calling it the Christmas Crash. He believes that the next collapse will come quickly, sometime this Fall, but as late as January or February of 2010:

There is no accountability, these hacks keep getting away with selling junk to the gullible.


Paul_B
21 Apr 11, 16:57
Market Crash

@TraderJoe

The market would have long since crashed to around 5,000 but for a couple of little things: zero interest rates and QEx. The Fed is just kicking the can down the road. In doing so they're just putting off the fateful day. It doesn't invalidate the observations of guys like Faber and Celente on iota. Just sets back the dates, that's all.


Will
22 Apr 11, 16:10
Perma-bears and perma-bulls

Ok, it's all about consistency in investing. Clearly these extremist perma-bears (schiff, faber, roubini, ect)have been warning of the same disaster for over 10 years. They only know one way, they can't switch gears. Same can be said for all the CNBC perma-bull hacks that they trot out to make the sheep feel good about things. If you're a real investor you don't pay attention to their noise, because that's all they provide.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

Catching a Falling Financial Knife