The best solution would be if you had a significant write-off for Greece. in other words, say they owe 100, then they should pay maybe 30 to 50 on the dollar. And the rest would have to be written off by the banks and other governments that have lent Greece money.
When you look at Greece like a corporation, they are basically bust. And if it is bust then it does not help to expand and actually increase loans.
Related stocks: National Bank of Greece (ADR) (Public, NYSE:NBG), Hellenic Telecom Organization S.A. (ADR) (Public, NYSE:OTE)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world. Dr. Doom also trades currencies and commodity futures like Gold and Oil.
30 April, 2010
Bloomberg Video: Greece Needs Debt Writedown of as Much as 50%
Greece Needs Debt Writedown of as Much as 50%: Video LINK
Marc Faber, publisher of the Gloom, Boom & Doom report, talks with Bloomberg's Maryam Nemazee about Greece's debt crisis. (Source: Bloomberg)
00:00 Greece "basically bust" and needs writedowns
Running time 02:39
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world. Dr. Doom also trades currencies and commodity futures like Gold and Oil.
Marc Faber, publisher of the Gloom, Boom & Doom report, talks with Bloomberg's Maryam Nemazee about Greece's debt crisis. (Source: Bloomberg)
00:00 Greece "basically bust" and needs writedowns
Running time 02:39
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world. Dr. Doom also trades currencies and commodity futures like Gold and Oil.
29 April, 2010
The Best Would Be To Kick Out Greece (Video)
Latest Bloomberg video interview.
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world. Dr. Doom also trades currencies and commodity futures like Gold and Oil.
28 April, 2010
Kick Out Euro Members That Abuse The System
“The best would be to kick out Greece and the countries that abuse the system. They didn’t have the fiscal discipline that was essentially imposed by EU.”
in Bloomberg.com
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world. Dr. Doom also trades currencies and commodity futures like Gold and Oil.
in Bloomberg.com
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world. Dr. Doom also trades currencies and commodity futures like Gold and Oil.
27 April, 2010
Inflation, Purchasing Power And Civil War
"In light of the current economic environment, investors should not own cash as it is going to be a disaster. If you print money like in Zimbabwe...the purchasing power of money goes down, and the standards of living go down, and eventually, you have a civil war"
in CNBC
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world. Dr. Doom also trades currencies and commodity futures like Gold and Oil.
in CNBC
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world. Dr. Doom also trades currencies and commodity futures like Gold and Oil.
26 April, 2010
I’m Ultra Bearish About The World
“I’m ultra bearish about the world. I think we’re all doomed because the governments are taking over and they will all bankrupt us and expropriate us, but it may not happen tomorrow. So they’ll give us something to play with until the whole system breaks down, and that is a bull market. They’ll just print money and print more money.”
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world. Dr. Doom also trades currencies and commodity futures like Gold and Oil.
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world. Dr. Doom also trades currencies and commodity futures like Gold and Oil.
25 April, 2010
The End Is Near.
"The end is near!"
Marc Faber in CNBC.com, April 2010
"Agriculture commodities are building bottoming formations"
Related stocks and ETF`s: PowerShares DB Agriculture Fund (Public, NYSE:DBA), Potash Corp./Saskatchewan (USA) (Public, NYSE:POT), iShares FTSE/Xinhua China 25 Index (ETF) (Public, NYSE:FXI), iShares MSCI Hong Kong Index Fund (ETF) (Public, NYSE:EWH), Freeport-McMoRan Copper & Gold Inc. (Public, NYSE:FCX), Rio Tinto Limited (Public, ASX:RIO), Vale (ADR) (Public, NYSE:VAL), Alcoa Inc. (Public, NYSE:AA)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world. Dr. Doom also trades currencies and commodity futures like Gold and Oil.
23 April, 2010
I Think Goldman Sachs Is A Very Honest Firm
"I think Goldman Sachs is a very honest firm. They have a very strict compliance department compared to the others — they're like an angel. But they targeted Goldman as it stands as a symbol of Wall Street.
Maybe the intention is not to hurt Goldman Sachs, but just to gain popularity with the middle class and the lower class of America, so they will perceive Mr. Obama to have done something against the evil of Wall Street."
in CNBC
Related stocks: Goldman Sachs Group, Inc. (Public, NYSE:GS)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world. Dr. Doom also trades currencies and commodity futures like Gold and Oil.
Maybe the intention is not to hurt Goldman Sachs, but just to gain popularity with the middle class and the lower class of America, so they will perceive Mr. Obama to have done something against the evil of Wall Street."
in CNBC
Related stocks: Goldman Sachs Group, Inc. (Public, NYSE:GS)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world. Dr. Doom also trades currencies and commodity futures like Gold and Oil.
Governments Will Bankrupt Us, But Only After Inflation.
"They will all bankrupt us and expropriate us, but it may not happen tomorrow. They'll give us something to play with, until the whole system breaks down...they'll just print money and print more money.
What I object to the current government intervention in so-called 'solving the crisis', is that they haven't solved anything. They've just postponed it."
in CNBC
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world. Dr. Doom also trades currencies and commodity futures like Gold and Oil.
What I object to the current government intervention in so-called 'solving the crisis', is that they haven't solved anything. They've just postponed it."
in CNBC
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world. Dr. Doom also trades currencies and commodity futures like Gold and Oil.
22 April, 2010
Interest Rates In China
“The lending rate in China should be at least twice as high as it is now.”
in Bloomberg.com
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world. Dr. Doom also trades currencies and commodity futures like Gold and Oil.
in Bloomberg.com
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world. Dr. Doom also trades currencies and commodity futures like Gold and Oil.
There Are Some Symptoms Of A Bubble Building In China
“There are some symptoms of a bubble building in China, with the increase in foreign exchange reserves, rapidly rising property prices. From here on, the China economy will slow down regardless. Whether it will crash this year or later, I don’t know.”
in Bloomberg.com
Related ETf`s: iShares FTSE/Xinhua China 25 Index (ETF) (Public, NYSE:FXI), PowerShares Gld Drg Haltr USX China(ETF) (Public, NYSE:PGJ)
Related Stocks: China Mobile Ltd. (ADR) (Public, NYSE:CHL), China Life Insurance Company Ltd. (ADR) (Public, NYSE:LFC), PetroChina Company Limited (ADR) (Public, NYSE:PTR) and Aluminum Corp. of China Limited (ADR) (Public, NYSE:ACH)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world. Dr. Doom also trades currencies and commodity futures like Gold and Oil.
in Bloomberg.com
Related ETf`s: iShares FTSE/Xinhua China 25 Index (ETF) (Public, NYSE:FXI), PowerShares Gld Drg Haltr USX China(ETF) (Public, NYSE:PGJ)
Related Stocks: China Mobile Ltd. (ADR) (Public, NYSE:CHL), China Life Insurance Company Ltd. (ADR) (Public, NYSE:LFC), PetroChina Company Limited (ADR) (Public, NYSE:PTR) and Aluminum Corp. of China Limited (ADR) (Public, NYSE:ACH)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world. Dr. Doom also trades currencies and commodity futures like Gold and Oil.
Bloomberg Video Interview: China, Commodities And Stocks
Latest Marc Faber video interview, Bloomberg April 21:
"Maybe the stock market is giving us a signal that not all is right in China"
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world. Dr. Doom also trades currencies and commodity futures like Gold and Oil.
"Maybe the stock market is giving us a signal that not all is right in China"
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world. Dr. Doom also trades currencies and commodity futures like Gold and Oil.
21 April, 2010
The Target Now Is Goldman Sachs (GS)
"The target now is Goldman Sachs. You distract the masses with a villain"
Dr. Faber, described the lawsuit against Goldman Sachs (GS) as a hunt for scapegoats amid economic problems faced by the United States.
in reuters
Related Stocks: Goldman Sachs Group, Inc. (Public, NYSE:GS)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world. Dr. Doom also trades currencies and commodity futures like Gold and Oil.
Dr. Faber, described the lawsuit against Goldman Sachs (GS) as a hunt for scapegoats amid economic problems faced by the United States.
in reuters
Related Stocks: Goldman Sachs Group, Inc. (Public, NYSE:GS)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world. Dr. Doom also trades currencies and commodity futures like Gold and Oil.
China Will Slowdown
“There are some symptoms of a bubble building in China, with the increase in foreign exchange reserves, rapidly rising property prices. From here on, the China economy will slow down regardless. Whether it will crash this year or later, I don’t know.
If you believe the government can steer the economy like a car, that’s not my view. Government measures always lead to unintended consequences.
Excessive credit growth in January, and 11.7 percent increase in property prices in one month alone are danger signals. The lending rate in China should be at least twice as high as it is now.”
Related ETF`s: iShares FTSE/Xinhua China 25 Index (ETF) (Public, NYSE:FXI) and iShares MSCI Emerging Markets Indx (ETF) (Public, NYSE:EEM)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world. Dr. Doom also trades currencies and commodity futures like Gold and Oil.
If you believe the government can steer the economy like a car, that’s not my view. Government measures always lead to unintended consequences.
Excessive credit growth in January, and 11.7 percent increase in property prices in one month alone are danger signals. The lending rate in China should be at least twice as high as it is now.”
Related ETF`s: iShares FTSE/Xinhua China 25 Index (ETF) (Public, NYSE:FXI) and iShares MSCI Emerging Markets Indx (ETF) (Public, NYSE:EEM)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world. Dr. Doom also trades currencies and commodity futures like Gold and Oil.
19 April, 2010
Book Review: Starting From Scrap: An Entrepreneurial Success Story.
"Greer proves with a fascinating account of his business life that there are even more opportunities in Asia as countries such as China, India, and Vietnam open up and liberalize.”
in The Tartan Online
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world. Dr. Doom also trades currencies and commodity futures like Gold and Oil.
in The Tartan Online
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world. Dr. Doom also trades currencies and commodity futures like Gold and Oil.
17 April, 2010
Time To Buy Thai Stocks? Not Yet.
"Barron’s Roundtable member Marc Faber, publisher of the Gloom, Boom and Doom Report, advises patience. The long-time bull on stocks and other investments in Thailand relates in an email that he thinks it’s too soon to jump in."
in Barron`s Blog
Related ETF`s: iShares MSCI Thailand Index Fund (Public, NYSE:THD) and Thai Fund Inc. (Public, NYSE:TTF)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world. Dr. Doom also trades currencies and commodity futures like Gold and Oil.
in Barron`s Blog
Related ETF`s: iShares MSCI Thailand Index Fund (Public, NYSE:THD) and Thai Fund Inc. (Public, NYSE:TTF)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world. Dr. Doom also trades currencies and commodity futures like Gold and Oil.
China Is Waiting For Lower Gold Prices
"My sense is that if gold went lower than US$1,050, the Chinese would come in and buy some. I think they're waiting for lower prices"
in www.marketoracle.co.uk
Related ETF`s: Market Vectors Gold Miners ETF (Public, NYSE:GDX), SPDR Gold Trust (ETF) (Public, NYSE:GLD)
Related Stocks: NovaGold Resources Inc. (USA) (Public, AMEX:NG), Newmont Mining Corporation (Public, NYSE:NEM) and Freeport-McMoRan Copper & Gold Inc. (Public, NYSE:FCX)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world. Dr. Doom also trades currencies and commodity futures like Gold and Oil.
in www.marketoracle.co.uk
Related ETF`s: Market Vectors Gold Miners ETF (Public, NYSE:GDX), SPDR Gold Trust (ETF) (Public, NYSE:GLD)
Related Stocks: NovaGold Resources Inc. (USA) (Public, AMEX:NG), Newmont Mining Corporation (Public, NYSE:NEM) and Freeport-McMoRan Copper & Gold Inc. (Public, NYSE:FCX)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world. Dr. Doom also trades currencies and commodity futures like Gold and Oil.
16 April, 2010
The Stimulus Packages Will Soon Lose Its Influence
"I am not sure yet that the recession is already over because the numbers of unemployed persons in the United States is still increasing and there are several indicators that barely suggest a rebound on the economy , I think that also this year it will not get better because the stimulus packages will already lose its influence So I could imagine that we would not have a basic rebound and that the markets will rather correct."
translated from a german TV video interview, April 2010
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world. Dr. Doom also trades currencies and commodity futures like Gold and Oil.
translated from a german TV video interview, April 2010
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world. Dr. Doom also trades currencies and commodity futures like Gold and Oil.
14 April, 2010
Gold: Chinese Buying And Seasonal Strength
"My sense is that if gold went lower than US$1,050, the Chinese would come in and buy some. I think they're waiting for lower prices. We're just coming out of a seasonal period where gold is often weak, and heading into a period of seasonal strength, so it's possible gold may start outperforming here."
in The Market Oracle
Related ETF`s: SPDR Gold Trust (ETF) (Public, NYSE:GLD) and Market Vectors Gold Miners ETF (Public, NYSE:GDX)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world. Dr. Doom also trades currencies and commodity futures like Gold and Oil.
in The Market Oracle
Related ETF`s: SPDR Gold Trust (ETF) (Public, NYSE:GLD) and Market Vectors Gold Miners ETF (Public, NYSE:GDX)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world. Dr. Doom also trades currencies and commodity futures like Gold and Oil.
13 April, 2010
Currency Crisis, Paper Currencies And Precious Metals.
"The question is will there be a crisis of confidence in all paper monies and what will the reaction of investors be? I would imagine that when the crisis really emerges, you'd see people flee from all paper currencies into precious metals."
in GoldNews
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world. Dr. Doom also trades currencies and commodity futures like Gold and Oil.
in GoldNews
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world. Dr. Doom also trades currencies and commodity futures like Gold and Oil.
12 April, 2010
Governments Will Need To Print Money. Paper Currencies And Precious Metals.
"When the percentage of interest payments to tax revenue gets too high, it will become clear to everyone that the government will need to print money in earnest to make these payments. That's when you're likely to see a crisis of confidence in the dollar.
The question is will there be a crisis of confidence in all paper monies and what will the reaction of investors be? I would imagine that when the crisis really emerges, you'd see people flee from all paper currencies into precious metals."
Related ETF`s: iShares Silver Trust (ETF) (Public, NYSE:SLV) and SPDR Gold Trust (ETF) (Public, NYSE:GLD)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world. Dr. Doom also trades currencies and commodity futures like Gold and Oil.
The question is will there be a crisis of confidence in all paper monies and what will the reaction of investors be? I would imagine that when the crisis really emerges, you'd see people flee from all paper currencies into precious metals."
Related ETF`s: iShares Silver Trust (ETF) (Public, NYSE:SLV) and SPDR Gold Trust (ETF) (Public, NYSE:GLD)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world. Dr. Doom also trades currencies and commodity futures like Gold and Oil.
11 April, 2010
It Does Not Make Sense For China To Build More Empty Buildings
"It does not make sense for China to build more empty buildings and add to capacities in industries where you already have overcapacity. I think the Chinese economy will decelerate very substantially in 2010 and could even crash."
in www.nzherald.co.nz
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world. Dr. Doom also trades currencies and commodity futures like Gold and Oil.
in www.nzherald.co.nz
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world. Dr. Doom also trades currencies and commodity futures like Gold and Oil.
04 April, 2010
Money Printing And Debt Defaults
"In the developed world we have huge debt to GDP, in terms of government debt to GDP and unfunded liabilities that will come due, and these unfunded liabilities are so huge that eventually these governments will all have to print money before they default."
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world. Dr. Doom also trades currencies and commodity futures like Gold and Oil.
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world. Dr. Doom also trades currencies and commodity futures like Gold and Oil.
01 April, 2010
Default Through Money Printing: The US Scenario
"When a government openly defaults on its debt, the workout process is reasonably equitable, with generally receiving 30 to 80 cents back on the dollar. But if a government decides to default through money printing, the burden of the default isn't shared equally. Holders of that nation’s currency get hit worst, and that’s what will happen to dollar holders"
in Money News
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world. Dr. Doom also trades currencies and commodity futures like Gold and Oil.
in Money News
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world. Dr. Doom also trades currencies and commodity futures like Gold and Oil.
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