What if He’s Wrong? What if He’s Right?
by Tom on September 28, 2009
in Market Musings
Marc Faber is a long time and frequent contributor to CNBC. He typically takes a very bearish and very pessimistic stance.
Essentially what he’s saying in this article is:
- We haven’t fixed the problems that caused this economic crisis.
- Because we haven’t fixed them, they are going to come back and make things even worse next time.
So ask yourself a couple of questions:
- What if he’s right? Are there things you should do now to make sure you’re okay if that happens?
- What if he’s wrong by a factor of 50%? Would that impact the way you handle your finances and make your investment decisions?
- If he’s totally wrong and things are doing great, would the decisions you made put you in a better position or a worse position?
Personal opinion, I don’t think he’s that far off. A lot of the problems that caused this mess haven’t been addressed. Some have, but not all of them.
Lots to think about on a Monday Morning…….
Tom Vanderwell
This Crisis Just Appetizer for Total Breakdown: Marc Faber
The crisis the world went through is just an appetizer for a future one because the weaknesses that created it have not been addressed, Marc Faber, author and publisher of the Gloom, Doom and Boom Report, told CNBC Friday.“It’s a total and complete disaster and the crisis we had is just the appetizer to the big total breakdown of financial markets and of governments in five or 10 years time when the whole system goes bust,” Faber told “Worldwide Exchange.”
