Tuesday, June 21, 2011

Rick Santelli vs Steve Liesman on QE3

Rick Santelli says that Bernanke was put in charge of fixing the unfixable : "you know, many people down here have high respect for mr. Bernanke, they don't agree with him and don't necessarily believe that he will have the conviction in the economy to do anything other than continue on the same road. i don't know if that answers the question. listen, this is one man mostly an academic background in charge of fixing the unfixable. i guess that's a good place to leave it, in my opinion"


Marc Faber & Jim Rogers on Europe Demographic problems

Marc Faber : ...One of the reasons that we have a low birth rate in Europe is it is very expensive to have babies , in Asia is not that expensive to have babies and the divorce laws are very unfavorable in western Europe that will have to change so that people again will be more inclined to get married because the risk will be lessened but in Eastern Europe and in Russia the birth rate have been very low because of economic conditions , if economic conditions will improve ..." Jim Rogers pointed out that in Spain which was poor and they got more prosperous but in the same time their birth rate became the lowest in Europe , at the present projections there will be no Spanish in hundred years



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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.