Jul 25 2007
Gloom & Doom? A Marc Faber and Jim Rogers Update
“If you look at the Dow Jones and the S&P since February measured in euro or measured in gold the S&P hasn’t bettered its February high, also the S&P is up say 8% in U.S. dollar terms but since the beginning of the year in euro terms it’s only up 3% - and in gold terms it is down. So you can print money like the fake stuff and still pursue an expansionary monetary policy - but that doesn’t mean that asset prices across the board will increase in value.”
That’s economist Dr. Marc Faber in an interview from July 23 that’ll update you to his latest thoughts on what’s transpiring in the global economy and markets.
We’d also encourage you to watch a BloombergTV piece where you can hear Dr. Faber, commodity guru Jim Rogers, and Ken Fisher of Fisher Investments. (You may recall Ken Fisher being the fellow we lambasted earlier this week for suggesting that the U.S. does not have enough debt — to the point of it being immorally so!) Rogers and Faber vs. Fisher!
A separate article at Bloomberg has some other valuable tidbits.
I do agree with Dr Faber regarding his views on emerging markets, commodities and US dollar. we live in the bubble stage. sooner or later the bubble will burst. the best investment to put your money currently is into gold. I am a stock trader based in Indonesia. and i’m no longer comfortable with the current level of share prices.