Wall Street crash 'even worse' than 1987 is coming, says Marc Faber

Discussion in 'Markets & Economies' started by sammysilver, Apr 11, 2014.

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  1. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    sammysilver, Apr 11, 2014
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  2. Earthjade

    Earthjade Member

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    Marc Faber always says that. He'll eventually be proven right, but we've all been saying it since 2008, haven't we?

    Anyway, I'd like to say it would be nice to see stock investors get used to plunging red lines like stackers have been tortured with over the past few years, but lots of people would be losing their jobs, and that's not fun for anybody.
     
    Earthjade, Apr 11, 2014
    #2
  3. lucky luke

    lucky luke Well-Known Member Silver Stacker

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    In the big scheme of things, the last 5 years (since 2008) is only a relatively short period of time.
     
    lucky luke, Apr 11, 2014
    #3
  4. trew

    trew Active Member Silver Stacker

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    He is right of course

    But like many other obvious predictions the bitch is in the timing


    US interest rates cannot stay at zero forever
    When they go back up there will be losses all round for bonds and other assets

    But when will they go back up ? Who knows ?
     
    trew, Apr 11, 2014
    #4
  5. Bobby Woodlawn

    Bobby Woodlawn New Member

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    Yellen is floating middle of next year. -bw
     
    Bobby Woodlawn, Apr 11, 2014
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  6. trew

    trew Active Member Silver Stacker

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    The Japanese have been playing that game for 20 years now
     
    trew, Apr 11, 2014
    #6
  7. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    Whenever I read Marc Faber's quotes... I do so in my head with his unique accent :)

    ...he has a really cool voice... like a Bond Villian :cool:
     
    Clawhammer, Apr 11, 2014
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  8. Mr Medved

    Mr Medved Member

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    Huh? He called the low in March 2009 almost to the day and went long stocks.
     
    Mr Medved, Apr 11, 2014
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  9. Old Codger

    Old Codger Active Member Silver Stacker

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    Not before 1/7/14 please.
     
    Old Codger, Apr 11, 2014
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  10. alor

    alor Well-Known Member Silver Stacker

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    Dr Marc Faber still wear his pony,

    [​IMG]

    you wanna bet?
     
    alor, Apr 11, 2014
    #10
  11. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    ^^^
    Man, he even looks like a Bond Villian :lol:
     
    Clawhammer, Apr 11, 2014
    #11
  12. tolly_67

    tolly_67 Well-Known Member

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    He said exactly the same thing 2 years ago claiming that if qe3 did not occur then it was curtains for the market.
    He will get it right again eventually.....problem is that a lot of guys like this only focus on the U.S. and do not appreciate what is the root cause of the market rising. The market is global and global influence is what drives markets, not local events.
     
    tolly_67, Apr 11, 2014
    #12
  13. Pirocco

    Pirocco Well-Known Member

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    http://research.stlouisfed.org/fred2/series/BASE
    http://research.stlouisfed.org/fred2/data/BASE.txt
    2006-08-02 838.755
    2007-08-01 855.962
    2008-08-13 875.241
    2009-08-12 1677.053
    2010-08-11 2026.532
    2011-08-10 2704.294
    2012-08-08 2702.747
    2013-08-07 3393.804
    2014-03-19 3963.298
    Still trying to find any data supporting the statement that qe3 didn't occur, or qe in general is 'tapered'.
    If you found any, please share.
     
    Pirocco, Apr 13, 2014
    #13
  14. tolly_67

    tolly_67 Well-Known Member

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    The point I was trying to make is that he was linking Q.E. with the stock market in a simple cause and effect relationship which is simplistic and wrong. He fails to understand the real driver of the market. Q.E. or tapering is but a pimple on an elephants ass when you look at capital flows globally.
     
    tolly_67, Apr 13, 2014
    #14
  15. TheEnd

    TheEnd Well-Known Member

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    Which is why a stock market crash may never happen at least soon because the USD is the safe haven and it comes first before ANY other currency???
     
    TheEnd, Apr 14, 2014
    #15
  16. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    Famous last words. Over the weekend the former Chief Economist of the BIS noted that there are now speculative bubbles that exceed those seen in 2007 before the GFC.
     
    SpacePete, Apr 14, 2014
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  17. Axolotl_

    Axolotl_ New Member

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    He actually sounds like Fearless Leader from Rocky and Bullwinkle
     
    Axolotl_, Apr 14, 2014
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  18. TheEnd

    TheEnd Well-Known Member

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    I'll believe it when i see it.....I'm over it!

    They're going to band aid fix the whole problem as Obama has just recently done with debt ceiling and they will continue to do so for as long as they can?

    How long is that? Only they know because they're running the show???
     
    TheEnd, Apr 15, 2014
    #18
  19. Savocado

    Savocado New Member

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    Savocado, Apr 25, 2014
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  20. Lovey80

    Lovey80 Well-Known Member

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    And Ninja loans were a pimple on the ass of an elephant when compared to the total mortgage backed securities market back in 2007. Don't be so naive to believe that any number of events, that may look tiny now, can set this whole house of cards flying down.

    If they cut QE off tomorrow the collapse would be disastrous and immediate. For a start the US government would have to start paying market rates on their bonds. And we all know without the Fed creating an artificially low market rate for USG bonds, the number of willing participants at the current rates would be very low.

    Everything is cause and effect. It's just how far you want to join the dots. Faber or anyone else isn't going to join every single dot for you in an interview or a news paper column. So simplifying it down to a direct link between QE and the stockmarket is a simple one with a whole heap of dots removed but it's still an accurate one.
     
    Lovey80, Apr 27, 2014
    #20
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