Skip to main content

Marc Faber on Bloomberg

Marc Faber speaks of weakness in the technology sector, a spreading global recession, and issues surrounding Fannie Mae and Freddie Mac in this latest Bloomberg TV interview.

Reiterating certain points made in an earlier interview with CNBC, Marc notes that while Fed governors may not recognize (or face up to) signs of recession, the average person on the street feels the impact of rising prices and weakening business conditions. This slowdown will be felt particularly in technology and industrial commodities.

He also feels that Fannie and Freddie should be split up into separate private enterprises, rather than be bailed out. Echoing points made by Jim Rogers in his recent Bloomberg appearance, Marc notes that a bailout of Fannie and Freddie would amount to a rescue of "people who have made bad investments" at the expense of taxpayers and common citizens.

One last point on the stock market and the overall economic picture. While Marc allows that the possibility for oversold bear market rallies exists, he feels the big bull market for financial (paper) assets is over, and has been for some time. Inflation will be the looming problem in our economic future, despite Ben Bernanke's academic focus on deflation, and interest rates will go higher over time as a result of market forces.

Lots more to see and hear in this interview clip. Enjoy the rest!

Popular posts from this blog

How to "Pull the Trigger" on Your Trading Ideas

In our last post, I quoted hedge fund manager, Jim Leitner on the importance of following up on your investment ideas.  Today I'd like to follow up and share some thoughts on how you can learn to consistently "pull the trigger" on your best trading setups and investing ideas. In order to help you do that, we'll take from the best and offer up key insights from interviews with top traders and trading psychologists like Alan Farley, Brett Steenbarger, and Doug Hirschhorn .  Now before we get to their key insights on overcoming trading anxiety and pulling the trigger on your trading ideas, let's remember what Jim Leitner said in his interview: "Learn to love to listen to people and when you hear something interesting, follow up on it. Don't just think, "Well that's an interesting idea" only to find out a year later that the company you could've bought shares in is now up 500-fold. You never want to say woulda, coulda, shoulda...

Market Wizard, Steve Clark on Trading: Grow Your Equity Curve

Trading wisdom recap: Steve Clark , founder of Omni Partners, was featured in Jack Schwager's 2012 book, Hedge Fund Market Wizards .  Clark's interview with Schwager provided us with some valuable trading insights; "Lessons from Hedge Fund Market Wizards: Steve Clark" was one of our most popular posts ever. If I had to pick my favorite sections from Clark's chapter, it would be boiled down to these two concepts: "Do more of what works (and less of what doesn't work)" and "Manage your equity curve". Here's his full quote on the supreme importance of growing your equity curve :  "Your job as a trader is to make the line of your equity curve go from bottom left to top right. That's it. Don't get hung up on other supposed "mandates". Protect your capital and the direction of that equity line. "   I will leave you with one last series of quotes from Steve Clark's interview with Jack Schwager. ...

Seth Klarman: Margin of Safety (pdf)

Welcome, readers! Signup for free email updates at the Finance Trends Newsletter . Update: PDF links removed due to DMCA notice. Please see our extensive Klarman book notes below. New visitors, please check the Finance Trends home page for all new posts. Here's something for anyone who has been trying to get a look at Seth Klarman's now famous, and out of print, 1991 investment book, Margin of Safety .  My knowledge of value investing is pretty much limited to what I've read in Ben Graham's The Intelligent Investor (the book which originally popularized the investment concept of a "Margin of Safety"), so check out the wisdom from Seth Klarman and other investing greats in our related posts below. You can also go straight to Ronald Redfield's Margin of Safety book notes .    Related posts: 1. Seth Klarman interviews and Margin of Safety notes     2. Seth Klarman: Lessons from 2008 3. Investing Lessons from Sir John Templeton 4. ...