Dr Faber publishes a widely read monthly investment newsletter “The Gloom Boom & Doom Report” report which highlights unusual investment opportunities. More Info
Some highlights of Marc Faber
I don’t have a very high opinion of Mr. Obama. I was negative of Mr. Bush but I think Mr. Obama makes him look like a genius.
On U.S. States:
The worst investment managers worldwide have been the state pension funds in the United States. They bought everything right at the peak and basically got out of things right at the bottom. And so they’re now facing a shortfall in unfunded liabilities of $2 trillion.
On the U.S.:
When you look at the United States … it’s a total disaster, we’re all doomed, we’re doomed!
On the U.S. Dollar:
In my opinion it’s beyond repair. If the US were a corporation and had proper accounting, they would be ‘Triple C, ‘ nobody would buy their bonds.”
Having said that, in the near term I think the dollar could rally because the others are no better, the others are worse. I think that the dollar will rally now against the euro and against the pound sterling and probably against the yen.