Marc Faber is an investment analyst and entrepreneur born in the early forties in Zürich,Switzerland currently resides in Thailand and is best known for the Gloom Boom Doom newsletter and web site featuring "Dance of Death" paintings. His house is a gigantic Indian red building with golden trimmings tucked away in a quiet soi off the Chiang Mai - Lamphun Road, near the Chiengmai Gymkhana Club. Next to the office, is an old teak house where Dr. Faber and his beautiful wife Supatra, from Nonthaburi, live.
His current — if eccentric — tagline is: 'buy a $100 US bond and frame it to teach your children about inflation by watching the US bond value diminish to almost nothing over the next 20 years'.
Faber is famous for advising his clients to get out of the stock market one week before the October1987 Crash.
Faber is famous for advising his clients to get out of the stock market one week before the October1987 Crash.
Dr. Marc Faber concluded his June 2008 newsletter with the Following:
"The federal government is sending each of us a $600 rebate. If we spend that money at Wal-Mart, the money goes to China. If we spend it on gasoline it goes to the Arabs. If we buy a computer/Software it will go to India. If we purchase fruit and vegetables it will go to Mexico, Honduras and Guatemala. If we purchase a good car it will go to Germany. If we purchase useless crap it will go to Taiwan and none of it will help the American economy. The only way to keep that money here at home is to spend it on prostitutes and beer, since these are the only products still produced in US. I've been doing my part ." Eliot Spitzer, former Governor, New York as he quoted.
"The federal government is sending each of us a $600 rebate. If we spend that money at Wal-Mart, the money goes to China. If we spend it on gasoline it goes to the Arabs. If we buy a computer/Software it will go to India. If we purchase fruit and vegetables it will go to Mexico, Honduras and Guatemala. If we purchase a good car it will go to Germany. If we purchase useless crap it will go to Taiwan and none of it will help the American economy. The only way to keep that money here at home is to spend it on prostitutes and beer, since these are the only products still produced in US. I've been doing my part ." Eliot Spitzer, former Governor, New York as he quoted.
View MarcFaber's You-Tube Channel's on updates.
The Dow with a 5Days Bull Rampage.Asian Index Futures Expiry:30/09/09.
The current US market seems to be boosted by analyst lifting price targets of specific stocks.The Dow has priced in whatever news that are about to come with the policy-setting Federal Open Market Committee having started a two-day meeting today.
Sep16,Wednesday's candlestick will be the focus of any pullback or profit-taking.
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