Skip to main content

Marc Faber, Jim Rogers on Bloomberg

Update: Bloomberg's July 14, 2008 Jim Rogers interview is here.

Marc Faber and Jim Rogers are featured on Bloomberg today in two individual video interviews.

Marc Faber tells Bloomberg he expects strength in the dollar over the short term, though he is still bearish on the US dollar over the longer term, and that US stocks may outperform emerging markets over the next three to six months.

He also expects commodities to peak and begin a meaningful correction in the coming weeks. Bloomberg's companion article notes that Faber has been correct on his calls to buy gold, but wrong in past calls warning of over-optimism regarding Brazilian and Argentinian shares (both commodity country plays).

Oh, and I should note that Faber specifically mentioned the media's silence regarding Ron Paul's 10 percent standing in the Iowa caucus.

Funny that people who live outside the country (in Marc's case, Thailand) should have more of an idea about what's going on in our political elections than many of the people who actually live here and vote in them.

Meanwhile, Jim Rogers is bearish as ever on the fate of the US dollar. While his comments to Bloomberg may seem, on the surface, a contradiction of his friend Marc Faber's sentiments, they are aligned in their rather grim long-term views on the US currency's prospects.

Incidentally, Jim Rogers (who now lives in Singapore) has also given favorable mention to Ron Paul in a previous video interview with the Financial Times.

Like Faber, Rogers recognizes that Paul is the only presidential candidate who has any real knowledge of the damage done to our nation and our economy through inflationary central banking.

Rogers is also sticking to his call for a US recession, again noting, like Faber, that recessions do not spell the end of the world, and are a healthy part of the capitalist economic cycle.

He reiterates his long-term position on the supply and demand picture for commodities, but offers some interesting updates on the attractiveness of various individual commodities and commodity sectors.

Check out the video interviews at the links above, and enjoy.

Keep reading Finance Trends Matter for more.

Popular posts from this blog

The Dot-Com Bubble in 1 Chart: InfoSpace

With all the recent talk of a new bubble in the making, thanks in part to the Yellen Fed's continued easy money stance , I thought it'd be instructive to revisit our previous stock market bubble - in one quick chart. So here's what a real stock market bubble looks like.  Here's what a bubble *really* looks like. InfoSpace in 1999-2001. $QQQ $BCOR pic.twitter.com/xjsMk433H7 — David Shvartsman (@FinanceTrends) February 24, 2015   For those of you who are a little too young to recall it, this is a chart of InfoSpace at the height of the Nasdaq dot-com bubble in 1999-2001. This fallen angel soared to fantastic heights only to plummet back down to earth as the bubble, and InfoSpace's shady business plan , turned to rubble. As detailed in our post, " Round trip stocks: Momentum booms and busts ", InfoSpace rocketed from under $100 a share to over $1,300 a share in less than six months.  In a pattern common to many parabolic shooting stars, the s

Jesse Livermore: How to Trade in Stocks (1940 Ed. E-book)

If you've been around markets for any length of time, you've probably heard of 20th century supertrader, Jesse Livermore . Today we're highlighting his rare 1940 work, How to Trade in Stocks (ebook, pdf). But first, a brief overview of Livermore's life and trading career (bio from Jesse Livermore's Wikipedia entry). "During his lifetime, Livermore gained and lost several multi-million dollar fortunes. Most notably, he was worth $3 million and $100 million after the 1907 and 1929 market crashes, respectively. He subsequently lost both fortunes. Apart from his success as a securities speculator, Livermore left traders a working philosophy for trading securities that emphasizes increasing the size of one's position as it goes in the right direction and cutting losses quickly. Ironically, Livermore sometimes did not follow his rules strictly. He claimed that lack of adherence to his own rules was the main reason for his losses after making his 1907 and

New! Finance Trends now at FinanceTrendsLetter.com

Update for our readers: Finance Trends has a new URL!  Please bookmark our new web address at Financetrendsletter.com Readers sticking with RSS updates should point your feed readers to our new Finance Trends feedburner .   Thank you to all of our loyal readers who have been with us since the early days. Exciting stuff to come in the weeks ahead! As a quick reminder, you can subscribe to our free email list to receive the Finance Trends Newsletter . You'll receive email updates about once every 4-8 weeks (about 2-3 times per quarter).  Stay up to date with our real-time insights and updates on Twitter .