In a September 1, 2009 interview with New Delhi TV Dr. Marc Faber discusses the possibility of financial market corrections and global currencies. (Interview follows excerpts and comments)
I believe in the next 10 days to two weeks we’ll get big moves in markets. And I wouldn’t be surprised if the Dollar would for a change strengthen and equity markets would correct and possibly quite meaningfully so.
This seems to be the consensus among contrarian forecasters like Bert Dohmen, Harry Dent and Martin Armstrong. Perhaps we won’t see a comple collapse just yet, but a correction is likely on its way.
Now what we have is extreme optimism among investor and economists about the outlook for the economy and about the stock market and extreme pessimism about the US Dollar. And, therefore for the next four weeks or even three months it’s possible that equities will dissapoint and that the correction that is going to happen is more severe than is anticipated….and that at the same time the US Dollar rebounds somewhat.
Author:
Mac Slavo Views:
Read by 22 people Date: September 3rd, 2009 Website:www.SHTFplan.com
Copyright Information: Copyright SHTFplan and Mac Slavo. This content may be freely reproduced in full or in part in digital form with full attribution to the author and a link to www.shtfplan.com. Please contact us for permission to reproduce this content in other media formats.
There's an 84% chance you won't remember where you read our unique information. Don't be another statistic.
Comment by patientmomma: "Thanks for teach us about the severity of this new epidemic (I don’t know what else to call them) of earthquakes.) Trying to figure out..."
Comment by Be informed: "@ kimintn. Really watch that Mid Atlantic Ridge, that is likely waht is going to go off before the New Madrid fails. It took a little longer, by..."
Comment by Grasshopper: "Wow! I was just reading over old notes taken from Mike Ruppert’s website about collapse and how the infrastructure will start failing.. and..."
Comment by Butterknife: "Talked to a SWAT member in my church once many moons ago sometime after the Rodney King riots, he mentioned having extra training on his..."
Comment by Kevin2: "KY Mom We are responsible for our own protection. Those that choose to subcontract that responsibility are willing to take the risk that their..."
Comment by BigB: "Thank you very much (mush,lol) BI. On high alert. If it wasn’t for the business and presiding over a few June weddings we would be taking a trip..."
Comment by YH: "JustMe, There won’t be ANY racial genocide on U.S. soil. Not on my watch. It was bad enough progressives began Eugenic experiments here in the U.S...."
Comment by Kulafarmer: "I keep expecting to hear the tsunami warning sirens start to go off, probly be in the middle of the night next time, and wont be a false alarm."
Web Design and Content Copyright 2007 - 2013 SHTF Plan - When It Hits The Fan, Don't Say We Didn't Warn You - All Rights Reserved
Supercharged Intel Xeon5620 on an 8-Core Dedicated Storm Server Powered By Liquid Web
The content on this site is provided as general information only. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s). The author may or may not have a financial interest in any company or advertiser referenced. Any action taken as a result of information, analysis, or advertisement on this site is ultimately the responsibility of the reader.