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

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 said:
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.
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In the big scheme of things, the last 5 years (since 2008) is only a relatively short period of time.
 
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 said:
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 ?
Click to expand...
Yellen is floating middle of next year. -bw
 
Bobby Woodlawn said:
trew said:
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 ?
Click to expand...
Yellen is floating middle of next year. -bw
Click to expand...

The Japanese have been playing that game for 20 years now
 
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:
 
Earthjade said:
Marc Faber always says that. He'll eventually be proven right, but we've all been saying it since 2008, haven't we?
.
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Huh? He called the low in March 2009 almost to the day and went long stocks.
 
Dr Marc Faber still wear his pony,

marc-faber-pony.jpg


you wanna bet?
 
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 said:
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.
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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.
 
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 said:
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.
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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 said:
tolly_67 said:
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.
Click to expand...

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???
Click to expand...
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.
 
Clawhammer said:
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:
Click to expand...

He actually sounds like Fearless Leader from Rocky and Bullwinkle
 
SilverPete said:
TheEnd said:
tolly_67 said:
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.
Click to expand...

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???
Click to expand...
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.
Click to expand...

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???
 
tolly_67 said:
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.
Click to expand...

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.
 
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