Skip to main content

Marc Faber speaks with Bloomberg

Marc Faber joined Bloomberg TV yesterday to talk about the markets, the economy, and the bailout bill currently making its way through Congress.

Faber makes some very salient points about the half-baked nature of the $700 billion bailout bill; the proposed "rescue plan" for banks seems to supplant the workings of the free market in favor of some incomplete and inequitable form of socialism.

Also, Marc sees the potential for a near-term bottom in these oversold markets and a subsequent rally in US shares over the next few months. He cautions that this would be a bear market rally and not the start of a new bull market.

While his investment stance is largely cautious for now, he notes that emerging market shares are starting to look attractive.

Lots more to hear in the clip above, and in our related posts below.

Related posts and articles:

1. "Jim Rogers to Bloomberg: 'let banks fail'" - Finance Trends Matter.

2. "Jim Rogers and Marc Faber on the Paulson Plan" - BMB.

3. "Faber: Fed acted like a liquidity drug dealer" - CNBC.

4. "Faber: Bernanke should resign, bring back Volcker" - CNBC.
Labels:

Popular posts from this blog

Nasdaq credit rating junked.

S&P cut Nasdaq's credit rating to junk status citing debt burdens and its questionable strategy to buy a controlling interest in the London Stock Exchange. Financial Times reported that the exchange's counterparty credit & bank loan rating were lowered fromm BBB- (lowest investment grade rating) to BB+. The change will increase Nasdaq's borrowing costs should it wish to pursue aquisition targets. For an earlier look at the exchange consolidation trend that brought about Nasdaq's push for a stake in the LSE, please see "Exchange fever" .
Read more

Clean Money - John Rubino: Book review

Clean Money by John Rubino 274 pages. Hoboken, New Jersey John Wiley & Sons. 2009. 1st Edition. The bouyant stock market environment of the past several years is gone, and the financial wreckage of 2008 is still sharp in our minds as a new year starts to unfold. Given the recent across-the-board-declines in global stock markets (and most asset classes) that have left many investors shell-shocked, you might wonder if there is any good reason to consider the merits of a hot new investment theme, such as clean energy. However, we shouldn't be too hasty to write off all future stock investments. After all, the market declines of 2008 may continue into 2009, but they may also leave interesting investment opportunities in their wake. Which brings us to the subject of this review. John Rubino, author and editor of GreenStockInvesting.com , recently released a new book on renewable energy and clean-tech investing entitled, Clean Money: Picking Winners in the Green Tech Boom . In Clean ...
Read more

Seth Klarman: Margin of Safety (pdf)

Welcome, readers! Signup for free email updates at the Finance Trends Newsletter . Update: PDF links removed due to DMCA notice. Please see our extensive Klarman book notes below. New visitors, please check the Finance Trends home page for all new posts. Here's something for anyone who has been trying to get a look at Seth Klarman's now famous, and out of print, 1991 investment book, Margin of Safety .  My knowledge of value investing is pretty much limited to what I've read in Ben Graham's The Intelligent Investor (the book which originally popularized the investment concept of a "Margin of Safety"), so check out the wisdom from Seth Klarman and other investing greats in our related posts below. You can also go straight to Ronald Redfield's Margin of Safety book notes .    Related posts: 1. Seth Klarman interviews and Margin of Safety notes     2. Seth Klarman: Lessons from 2008 3. Investing Lessons from Sir John Templeton 4. ...
Read more