Posted 3:14 PM by Dil
27 September Bloomberg

Marc Faber Sees Stock Markets Rising on Weakening Dollar: Audio
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Sept. 10 (Bloomberg) -- Marc Faber, publisher of the Gloom, Boom and Doom Report, talks with Bloomberg's Pimm Fox about the global economy, equities and currency markets, and Federal Reserve monetary policy.
(Source: Bloomberg)
Running time 31:29


market has stabilised
same as after 2001
big volume on upside
not based on sound fundamentals

can go into cconsumption, commodities,wages,
not go into capital spending
goes into speculation

intellectua; architect behind 2000 tech boom bernanke
money must go into equities,
;leads to volatility in financial markets

excessive credit growth in 1920s
deflationary depression

just print more money

Qatar airline flight, excellent compared with US
Iaccacca new book, where has

every problem last 30 years addressed by consumption in US
needed investment, capital investment

same cycle, save a lot, then affluent, become more
safeguard own interest
complacent
if world currency, no limit how much can borrow
hour of truth can be postponed

low leverage in Asia

why equity market has gone up, cash is trash

fiscal deficit has to be funded

higher inflation
in long runj dollar will be weak
other currencies also weaker, euro slightly stronger

people will see gold as not losing value

near term market may still go up 10%
then correction, or correction now

from 666 to 1030, say now to 800
all leaders will say more stimulus now
will limit downside to stocks
don't own gment bonds, cash

commodities cant increase at smae rate of money printing



24 September 2009 Bloomberg

rebound in dollar
correction in equity prices

could get morre than a correction, 20% could be bear market

in real term below 666


gold prices should correct
920 maybe

capital spending in ASIA, China etc

on balance China has done well
transfer of technology, knowledge; always imagined they would lose money on the dollar