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MARC FABER JULY 2009 EXPECT TOTAL COLLAPSE SOON
YouTube ^

Posted on 07/19/2009 6:59:16 PM PDT by Kartographer

Dr Marc Faber expect total market collapse soon

Here is video of Marc Faber talking CNBC yesterday total collapse coming soon and he was immidiately cutoff by the host .

(Excerpt) Read more at youtube.com ...


TOPICS: Business/Economy; Society
KEYWORDS: bailout; cnbc; economy; faber; marcfaber; marketcollapse; markets; stimulus; stockmarket
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1 posted on 07/19/2009 6:59:17 PM PDT by Kartographer
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To: Kartographer

So all those stimuli and bailout things didn’t work out? Whodda thunk! They were union/ACORN/DemocRAT ideas too! Damn!


2 posted on 07/19/2009 7:03:29 PM PDT by FlingWingFlyer (WWTHD - What Would The Hondurans Do?)
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To: Kartographer

Marc isn’t the only one predicting a crash. One economist said to invest in ‘canned goods’.


3 posted on 07/19/2009 7:05:14 PM PDT by autumnraine (You can't fix stupid, but you can vote it out)
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To: FlingWingFlyer
So all those stimuli and bailout things didn’t work out?

They are working. Read the information at this link. Cloward-Piven Strategy
4 posted on 07/19/2009 7:07:37 PM PDT by Man50D (Fair Tax, you earn it, you keep it! FairTaxNation.com)
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To: autumnraine

His website:
http://www.gloomboomdoom.com/


5 posted on 07/19/2009 7:07:45 PM PDT by elpinta (No tagline, I can't express the way I feel lately.)
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To: Kartographer
>EXPECT TOTAL COLLAPSE SOON

I'd say it's a full-scale panic.

Are you having a run on the banks yet?
It's brutal here.

We're telling clients to invest
in canned food and shotguns.

6 posted on 07/19/2009 7:09:12 PM PDT by theFIRMbss
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To: autumnraine
Here's an article by Gregory McDonald.

Washington's Dilemma: This Isn't A Recession, It's A Collapse

7 posted on 07/19/2009 7:10:11 PM PDT by blam
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To: Kartographer
you guys chat about as if there's not a big tin foil hat in the room.

And besides, Roubini said the recessions over.

8 posted on 07/19/2009 7:12:18 PM PDT by the invisib1e hand (WWFUAMLD?)
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To: the invisib1e hand

no he didn’t, media been misreporting him


9 posted on 07/19/2009 7:14:12 PM PDT by 4rcane
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To: Kartographer
It's always something.

Swine Flu Threatens Deflation Slump, Ernst & Young ITEM Club Report Warns (UK)

"Britain risks sliding into a long deflationary recession if the H1N1 swine flu pandemic develops along lines predicted by the Government, according to the Ernst & Young ITEM Club report today."

[snip]

10 posted on 07/19/2009 7:15:03 PM PDT by blam
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To: Kartographer

It will not have arrived, until the various levels of government default. But get ready, and buy only necessities.


11 posted on 07/19/2009 7:15:47 PM PDT by familyop (cbt. engr. (cbt), NG, '89-' 96, Duncan Hunter or no-vote)
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To: Kartographer
The latest from Ambrose Evans-Prichard.

Fiscal Ruin Of The Western World Beckons

"For a glimpse of what awaits Britain, Europe, and America as budget deficits spiral to war-time levels, look at what is happening to the Irish welfare state."

[snip]

12 posted on 07/19/2009 7:18:28 PM PDT by blam
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To: blam

Great Link. I think he is right and they will have to print money.

parsy, who has canned goods


13 posted on 07/19/2009 7:22:35 PM PDT by parsifal ("Knock and ye shall receive!" (The Bible, somewhere.))
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To: 4rcane
no he didn’t, media been misreporting him

So, what did he say, then?

14 posted on 07/19/2009 7:24:02 PM PDT by the invisib1e hand (WWFUAMLD?)
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To: 4rcane; The Invisible Hand
"And besides, Roubini said the recessions over. "

Roubini: Views On Economy Unchanged Despite Reports

Published: Thursday, 16 Jul 2009 | 5:51 PM ET

Nouriel Roubini, the economist whose dire forecasts earned him the nickname "Doctor Doom," said after markets closed Thursday that earlier reports claiming he sees an end to the recession this year were "taken out of context."

"It has been widely reported today that I have stated that the recession will be over 'this year' and that I have 'improved' my economic outlook," Roubini said in a prepared statement. "Despite those reports ... my views expressed today are no different than the views I have expressed previously. If anything my views were taken out of context."

Several business news outlets, picking up on a report initially from Reuters, earlier Thursday cited Roubini as saying that the worst of the economic financial crisis may be over.

[snip]

15 posted on 07/19/2009 7:25:41 PM PDT by blam
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To: Kartographer

Oh crap...we are all going to die.


16 posted on 07/19/2009 7:26:24 PM PDT by verity
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To: autumnraine

You also want a bomb shelter, and if you live near a strategic target, a blast shelter.

The Russians/Soviets and Chinese WILL pick us off if we fall. No ifs, ands, or buts about it.


17 posted on 07/19/2009 7:28:28 PM PDT by Thunder90
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To: Kartographer
Hope Is Not A Strategy (CIT)

Unbelievable what boards will do to avoid the inevitable:

CIT Group Inc. was close to securing $3 billion in last-minute rescue financing from its bondholders Sunday in a deal that should keep the struggling firm -- once the largest issuer of small-business loans in the U.S. -- out of bankruptcy court, people familiar with the matter say.

[snip]

This is nothing more or less than a bet on an imminent economic turnaround and return to at least trend growth.

Sorry folks, that's a bet you will lose, and then CIT's creditors are going to wind up with even less in the inevitable bankruptcy that will follow, as the value of the remaining assets will have been diluted further by this "side deal."

The creditors need to file an involuntary petition against the company here and now to preserve what's left of their investment.

18 posted on 07/19/2009 7:32:50 PM PDT by blam
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To: Thunder90

No doubt about it. My husband and I have talked about that for a while.


19 posted on 07/19/2009 7:34:40 PM PDT by autumnraine (You can't fix stupid, but you can vote it out)
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To: parsifal
"parsy, who has canned goods"

Good for you.

El Nino Threat Blows Commodity Prices Higher

With the El Niño-Southern Oscillation (ENSO) on the horizon and concerns over food shortages, crops are locked in a bull market.

20 posted on 07/19/2009 7:41:55 PM PDT by blam
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