MARC FABER JULY 2009 EXPECT TOTAL COLLAPSE SOON

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[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 .

[John123]

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

There are so many things wrong with the latest rally... and it doesn't help when you see the bearish patterns developing in the major indexes...

And I'm not surprised to see what CNBC did... that show is predicated on the fact that we MUST have a evergreen bull market...

[blam]

The Nikkei 225 is up 0.55%. See here.

[blam]

Europe Banking And Financial System On The Brink Of Collapse

Jul 18, 2009 - 06:40 PM
By: John_Mauldin

We have avoided Armageddon, at least for now. The cost to the US taxpayer has been a few trillion. Some in the media are loudly announcing the end of the recession. But we are not out of the woods yet. There are a few more bumps in the road. Actually, some of them are quite steep hills. As big as the subprime problem? Maybe.

When asked a few weeks ago what was my biggest short-term concern, I quickly replied, "European banks have the potential to create significant risk for the entire worldwide system." This week we will glance "over the pond" to see what gives me cause for concern. Then we briefly look at a few of the bumps I mentioned, which are likely to stretch out any recovery, and maybe even dip us back into recession.

[snip]

[NeoCaveman]

One economist said to invest in ‘canned goods’.

He's a fool. Shotgun shells are the best investment.

[samadams2000]

Bob Brinker says we go higher. We probably go higher despite the country circling the drain.

[dr_lew]

There are so many things wrong with the latest rally...

Watching the Dow on Yahoo's finance page, I've developed the suspicion that the gov is somehow propping it up. I suppose this is an easy idea to drift into these days, but does it have anything to support it?

[preacher]

[Longdriver]

“So all those stimuli and bailout things didn’t work out?

***********

They worked nicely for Goldman-Sux and big banks, who used our money to bail out their mistakes.

[ex-Texan]

Yeah -- Well Governator Arnold says he will not sign any budget pushed by the 'tax and spend lobby.' This is going to be interesting. California had been blessed with the biggest economy in the U.S. And houses were hyper-inflated to 300% of normal values, too.

It was all smoke and mirrors. Fake economy yields fake home values. Fake home values yielded home equity loans greatly exceeding market values. The fake economy went bust last year and now the fake economy is going to go bust again. It will keep up this cycle until after 2013.

People are are fleeing the 'Golden State' in huge numbers. Rumors say that as many as 250,000 per month are just packing up and leaving. But nobody really knows.

In Oregon people are rushing out of state, too. Local news stations were reporting this today. Oregon has an admitted unemployment rate of 12.2% today. But I know the true rate is much higher. Under-employment rates of another 10% are possible. Almost everybody I know is working in part time jobs to make ends meet.

Savvy employers know they can hire two part-timers at lower wages than one full-timer. Companies are not pay any ealth care benefits for part-timers. Obviously companies are not paying pensions and do not offer 401(k) programs either. Some companies are even laying off full time employees to hire part time workers. Wonder of wonders . . .

Governor Schwarzenegger Talks Tough in This Video Clip

But it's all Bovine Squat. Mostly Arnold is getting ready to throw his hat in the ring for president. After 0 moves to amend the Constitution to allow foreign born aliens to run for high office. Arnold should have an easy path to victory.

'Seig Heil for Bilderberg' . . .

[John123]

I've developed the suspicion that the gov is somehow propping it up.

It's not just you... A lot of traders think so too... it is really weird about the tight trading range of the markets the past few weeks...

[stephenjohnbanker]

“The fake economy went bust last year and now the fake economy is going to go bust again. It will keep up this cycle until after 2013.”

If Obama’s policies are instituted, we will never recover.

[ex-Texan]

The Plunge Protection Team was hard at work for the government.

Luring in small investors for the fleecing of a lifetime. All courtesy of 0 better known as 'Mr. Transparency.' . . . LOL, LOL . . .

[John123]

Luring in small investors for the fleecing of a lifetime.

Well, the REAL purpose of the market is to separate the public from its money.

[LucyT]

MARC FABER JULY 2009 EXPECT TOTAL COLLAPSE SOON

Pinging because this affects us all.

[PhilDragoo]

ali Hussein Lord of All Czars: "Let them eat carbon credits."

[mojitojoe]

http://moneynews.newsmax.com/headlines/shiller_recession_housing/2009/07/19/237119.html?s=al&promo_code=83A2-1

[Dustbunny]

Obama lied and the Economy died!

[ex-Texan]

That exploding blimp photo is funny. However the unemployment time bomb is still ticking:

500,000 Will Exhaust Unemployment Benefits by September, 1.5 Million by Year-End

Many financial pundits are predicting a total U.S. collapse in September. Methinks by March, 2010, lawless elements will be protesting in the streets over 'Change.' Perhaps the Supremes will determine by that date it is high time for an in camera view of the Obama birth certificate.

[Iowan]

Thanks, LucyT

Ping.

[MeekOneGOP]

bumpers!!