« BBC Has First Native iPhone App in the Wild? | Main | iPhone Getting Push Email »
Latest Stories
- Excel Wankers and Recession Averages
- Sorry, New York is Closed. Check Back Later.
- Catching Falling 2009 Earnings Estimate Knife
- Survivorship Bias in Global Markets
- Talking Positions on a Lazy-ish Retirement Portfolio
March 6, 2008
Marc Faber is All Gloom and Doom, No Boom
Marc Faber is always good fun to read and listen to, but he is kind of misnamed. The author of the Gloom, Boom, and Doom Report is mostly gloom and doom, very little boom, at least not recently. Anywhere, heeeeeeere's Marc on why the U.S. dollar is going to zero.
Sphere It
| 
Digg it
| 
Bookmark it
| 
Stumble it
| 
Facebook it
I actually like Marc Faber a lot, and am inordinately fond of "gloom and doom" sorts. Heck, I unapologetically spent part of yesterday morning with Herb Greenberg.
More seriously, I don't disagree that there is a major restructuring going on, but I think it's more complicated than being the aftereffect of a Fed "party".
Paul,
Laugh all you want. You, like most of the mainstream intelligentsia, project the past 20 years (which forms much of your experience) forward, and think this is just a "normal" slowdown.
I would posit that what we are seeing is nothing less than a reordering of the global economic landscape. Something very fundamental is going on.
The prosperity of the last few years in America is a really the result of the "trillion dollar" party the Fed threw. What we are experiencing is only the hang-over phase. Wait till the bills come due.
Let's make a bet: in 5 years (March 2013), you will be singing a different tune, and will develop a lot more respect for the "doom and gloomers".
Austrian Thinker