Marc Faber's trackrecord

Discussion in 'Economics' started by Debaser82, Sep 29, 2010.

  1. From 2000

    Will oil hit $100 per barrel?

    http://www.ameinfo.com/16512.html

    From 2007

    No option for Fed except a bail out!

    http://www.ameinfo.com/131614.html

    From 2001

    Go for gold to beat the coming currency crisis!

    http://www.ameinfo.com/16517.html


    Should Bill Gates trade Microsoft for gold?

    http://www.forbes.com/global/1999/1115/0223099a.html

    From 1999!

    Gold Will Never Fall Below $1,000 Again

    http://seekingalpha.com/article/174028-marc-farber-gold-will-never-fall-below-1-000-again

    From 20010



    Quite the trackrecord right... Sure there were some bad calls as well but overall...wow.

    Who can say if Bill Gates listened to him he would be 5 times richer then today?


    Anyway...

    Big question ofcourse remains if his latest stand will prove to be just as accurate.

    The future will be a total disaster, with a collapse of our capitalistic system as we know it today, wars, massive government debt defaults and the impoverishment of large segments of Western society.

    Let's hope not.

    :D
     

  2. my favorite call was on cnbc in 2007. faber said that if the fed cut interest rates from 5% to 0% the dow would go to 50k but it wouldn't matter cause the dollar would be worthless. instead the dollar ripped 20% and the dow was cut by more than half.

    mentally the guy is living in a time where there is no credit. in other words, he is clueless.
     
  3. Hey thanks for quoting the OP in your reply.

    Had you not done that I would be clueless as to what you were referring to.
     
  4. I have the occasional email with marc faber.
     
  5. TD80

    TD80

    There are few people I actually listen to or track at all in any media format as it relates to trading as 99% of it is noise or even worse manipulation, but Faber and Rogers are two people I listen very closely to for macro themes. I don't agree with everything they say but their way of thinking is what catches my ear.

    Cut through the agendas (often commodities and Austrian themes) and get down into the macro themes and I have to say they are both interesting, and very few others I hear interviewed or presenting even come remotely close to these gentlemen on hunting big macro waves.
     
  6. you make an average of less than 10 posts a year yet you felt the need to make one about this?!

    what's really on your mind, ed?
     
  7. It won't happen.
    All gov'ts are running the printing press to cover their budget deficits.
    The dow 50,000 call clearly explains how moronic and exaggerate this guy is.
     

  8. I'm trying to up my post count.
     
  9. And you and TD80 make less than 20 posts per year. Makes me think you guys are all the same account.
     
  10. And what would be the purpose of quoting the OP as a first reply and then being a smart-ass with myself?
     
    #10     Sep 30, 2010