“If the price of oil and other commodities declines for
a while, it leads to something like a tax cut for the consumer,” Faber
said, speaking at a recent Hong Kong conference.
“Whereas I am very negative in the long run, and I believe that the
U.S. economic imbalances are not sustainable, for the next few months
the investment community is too negative on the U.S. economy which is
more likely to surprise to the upside than the downside.”
Waitaminute. For the next few months? Okay, that doesn’t really qualify as bullish. Let’s call it more like temporarily non-bearish.