Showing posts with label marc faber outlook july 2009. Show all posts
Showing posts with label marc faber outlook july 2009. Show all posts

Monday, July 20, 2009

Great Marc Faber Video Interview (Says No Way Around US Inflation)

Here's a fantastic Marc Faber interview by Newsmax (hat tip to The Daily Crux for linking to this piece).

Some quick notes on Faber's insights:
  • Doesn't see any way out of inflation in the US...even if deflation hits, the Fed will monetize more and more debt
  • Though thinks we could have temporary bouts of deflation
  • Can't see how the US will solve its debt problem
  • Thinks the Chinese should dump US Treasuries while they still can
  • The economy will be down in the dumps for a long time


Marc Faber is one of the sharpest investors in the world, and is author of the excellent book: Tomorrow's Gold: Asia's age of discovery.

For more of Faber's recent insights, check out: Marc Faber: You Don't Want To Be In Cash.

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