FABER: DON’T BUY THE RALLY
by ilene - February 22nd, 2010 1:16 pm
FABER: DON’T BUY THE RALLY
Courtesy of The Pragmatic Capitalist
Marc Faber, who nailed both the economic
“I would look at the market to close probably a bit lower than it started the year in 2010.” Equally, I don’t think we have a huge downside risk. If the Dow and the S&P dropped, say 15-20 percent, in other words the S&P towards 900, I think there would be more stimulus and more quantitative easing.”
Faber predicts that we are nowhere near the end of economic weakness and that the government will continue to pour money into the economy due to continuing deleveraging in the private sector. He believes we are likely to see more stimulus packages in the US and an ever expanding Federal Reserve balance sheet.
In terms of the global economy, Faber also expects slowing growth. He says China is likely a bubble and that there is a 99% chance the economy will slow with a 30% chance of a full blown crash. He says the Chinese slow-down will have extremely negative impacts on the global recovery.
Faber says the Chinese and US governments have only prolonged our problems with their stimulus packages. He says we are now staring at the next great crisis as opposed to letting the system cleanse itself as it should have. Due to this, government debts have exploded and Faber says higher rates are guaranteed over the next decade.
Karl Denninger’s 2010 Outlook
by ilene - January 7th, 2010 11:22 am
Interview with Karl Denninger, courtesy of Miss Trade – Ilene
Karl Denninger’s 2010 Outlook
Karl Denninger recently made his annual Where Are We, Where We’re Heading Post. We invited him on MissTrade TV to give us his input on the year ahead.
THE TPC 2010 INVESTMENT OUTLOOK
by ilene - January 1st, 2010 3:59 pm
THE TPC 2010 INVESTMENT OUTLOOK
Courtesy of The Pragmatic Capitalist
The full report is attached: