Â Dr. Marc Faber of the Gloom Boom & Doom Report was busy in the last few days, offering his ideas on a variety of subjects including the status of the economy, commodities trends, long term investing, near term moves and more! (Video interviewsÂ follos excerpts and comments)
We may still have a rally until about the end of April and then probably a total collapse in the second half of the year when it becomes clear that the economy is a total disaster.
I suspect that the catalyst for a rally reversal and subsequent total collapse of the markets may stem from one of a number of factors when the mainstream media finally begins reporting the severity of the commercial real estate collapse, U-6 unemployment figures or the billions in credit card defaults – perhaps a combination of all three. This is about the time we should also see Eastern Europe default on loan obligations to Austria, France, and Switzerland, causing even more havoc than we saw in 2008.