Posted on 09/19/2014 10:34:58 AM PDT by SkyPilot
Even after the Dow and the S&P 500 closed at new all-time highs, closely followed contrarian Marc Faber keeps sounding the alarm.
"We have a bubble in everything, everywhere," the publisher of The Gloom, Boom & Doom Report told CNBC's "Squawk Box" on Friday. Faber has long argued that the Federal Reserve's massive asset purchasing programs and near-zero interest rates have inflated stock prices.
The catalyst for a market decline, as he sees it, could be a "raise in interest rates, not engineered by the Fed," referring an increase in bond yields.
(Excerpt) Read more at cnbc.com ...
I missed the boat big time over the last four years because I figured the market bubble would burst a long time ago.
I have been shown to be wrong. The ability of the Fed to pump the money and the irrational exuberance of investors has gone on much longer that I thought possible. Which is scaring me even more. Could this go on for a couple more years??? Or blow up next week? Damned if I know.
I keep telling myself to take my one half of one percent interest rate at the bank and move on like a man.
I keep trying to tell my husband this!
Like a drug addict, millions have not been able to unplug themselves from the needle disbursing the heroin.
The love of money is the root of all evil (1 Timothy 6:10), the Bible says. Not money itself, but the love of it.
When it happens, people will be as shocked and filled with fear as they were on 911.
As do I, but my vision is all blurry from the tears.
More likely to crash (if the R’s gain the Senate) near the 2016 Presidential Election. These things are not as volatile in the middle of terms.
Nothing can convince me the ‘2008 Collapse’ wasn’t orchestrated because of a Presidential Election. If you look at all the data since 1998, there’s nothing holding this puppy up.
Many of us missed the boat. But how does one invest in a rigged market? Earnings per share don’t matter. The state of the economy doesn’t matter. You are betting that the US government can float the market? But for how long? A life time?
At this point I would guess the risks outweigh the rewards.
The biggest blunder I made was I (and many others) were so wrong on gold.
The market’s worst years are usually the last two years of a Democrat president’s term and the first two years of a Republican’s, so it probably will turn after the mid-terms if not two weeks before.
It was.
Financial terrorism suspected in 2008 economic crash
The difference between then and now is the Fed cannot control their own balance sheet, and the entire system is out of control. The Fed is now leveraged 77-1, and even he IMF is in a much better position to "save" things when they collapse.
This will lead to the end of the US Dollar, the rise of a global currency, and a global government.
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