Markets have been weakening technically on their way to a downward part, ‘Gloom Boom & Doom Report’ editor Marc Faber says. Here is a direct link.
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Markets have been weakening technically on their way to a downward part, ‘Gloom Boom & Doom Report’ editor Marc Faber says. Here is a direct link.
CNBC: “Mr. Faber, is there anything policy-makers can do to avoid a 20% decline? Anything? I mean, we need to tell our viewers something––anything––that might refute what you are saying. You very popular, so we like to have you on, but part of my job is to refute negative forecasts so that our advertisers can still attract the sheep––er, the people––investors––to put more money into stocks via their online brokerage accounts. Sooo… can you help out?”
Faber: “I like Chinese stocks. And we need less policies, not more policies.”
CNBC: “Yeah, what I meant was, is there anything governments can NOT do to change your mind, then? I mean, throw me a bone here.”
Faber: “The S&P is a sham. It should be negative.”
CNBC: “Uhhh…”
Faber: “Romney and Obama are both shills.”
CNBC: “Uhhhh…”
Faber: “Governments need to cut spen––”
CNBC:” Okay, thank your Mr. Faber. Did we lose him? What a nice man. I think he’s Canadian.”