Marc Faber prediction comes true

In February, Marc Faber in an interview with CNBC-TV18 predicted that the Indian market (BSE) was on a bubble and that it would fall to 14000 – 12000 (the market was around 18000 then).  What a fall it has been since.  We have already touched 8000, though the markets have slowly inched upto 9500, we…

Marc Faber comment on the US economy

The federal government is sending each of us a $600 rebate. If we spend that money at Wal-Mart, the money goes to China. If we spend it on gasoline it goes to the Arabs. If we buy a computer it will go to India. If we purchase fruit and vegetables it will go to Mexico,…

Marc Faber’s words of wisdom

Marc Faber has a go at the Fed and Ben Bernanke. Though he is not terribly optimistic of the Indian markets either. That in general leads to lower asset prices although the Fed is doing its best to essentially create money, to print money which is the cause of the problem in the first place….