Friday, June 3, 2011

Alan Greenspan on U.S. Debt GDP & Unemployment - CNBC 03 June 2011

Alan Greenspan , former Fed Chairman gives his Insight on whether the data seen over the past month is more than a temporary blip, and the lack of interest in European political and fiscal consolidation, . There is a limit to what the U.S. Treasury can borrow, says former Federal Reserve chairman Alan Greenspan, who also shares his concern that the U.S. is running out of time so resolve debt issues.

Marc Faber on Facebook LinkedIn & Tech Stocks

Dr. Marc Faber commenting about the LinkedIn IPO : "I think it's another bubble you understand concept stocks , yes it is a business but it is a business you can enter in relatively easily so I thing there will be a lot of competition ... I always had an account at Facebook and so forth but I think eventually people got tired of it (of Facebook) i do not think it will go bust bust , but every technology company in the imagination phase is doing well and after when they have to deliver earnings then the PEs go down and so forth I am not saying that they all go bust but I think they are all fully valued and I personally would not buy them but I would not have bought a lot of the tech stocks that went up so I man i am the model example for picking tech stocks well...- in Bloomberg TV

The dollar will probably strengthen against the Euro for the next three months

Marc Faber : ...well I do not like treasuries for the long run but I think they could rally somewhat for the next three months you know they are not going to collapse for the next three months , and the dollar will probably strengthen against the Euro for the next three months that will be my impression , so if you have large exposure to foreign currencies I would rather now move back to US dollars , I think there is an asset class in the US that is inexpensive but it won't go up but it is inexpensive is real estate , yes very inexpensive compared to the rest of the world ...in investment you have to be patient , the impatient people they always buy things that are moving right at the end of their trend like the NASDAQ in year 2000 like commodities in year 2008 at the peak and so forth and so on ...you better buy things that are depressed even if you have to wait five years but they offer some value" ...in Bloomberg TV

Marc Faber : you shouldnt own cash & government bonds

Marc Faber : Well the positive aspect of my negative view is essentially that you shouldn’t own cash and government bonds but you should be in assets like real estate or equities or precious metals or in commodities.That is the positive view. In other words, the more negative you are about the world and the geopolitical trends which will lead to war, the more likely it is that you will do better in equities than say in bonds and cash.  - in www.businessinsider.com
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Dr. Marc Faber author of the Gloom, Boom and Doom report is a world class Investor, Doctor Faber 's typically controversial and contrarian views have earned him the label of Dr. Doom. Doctor Doom also trades currencies and commodity futures like Gold Natural Gas and Crude Oil.Even his harshest critics must admit that he's been unerringly correct in his market forecasts over the past three decades . Marc Faber is a Swiss investor.He was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude. Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, which acts as an investment advisor and fund manager. Faber is publisher of the Gloom Boom & Doom Report newsletter and is the director of Marc Faber Ltd which acts as an investment advisor and fund manager.