Economist David Rosenberg and investor Marc Faber have wagered a bottle of scotch whisky on whether U.S. 10-year Treasury yields can go lower than 2 percent:
“If I lose the bet, I buy him a bottle of Cutty Sark, and if I win, I want a bottle of Dalwhinnie”
in Bloomberg
Related ETFs: ProShares UltraShort 20+ Year Trea (ETF) (NYSE:TBT), iShares Barclays 20+ Yr Treas.Bond (ETF) (NYSE:TLT), iShares Lehman 7-10 Yr Treas. Bond (ETF) (NYSE:IEF)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.
“That’s not the way it’s supposed to work. I don’t think it’s good for Europe, and I don’t think it’s good for the world to bail out people who have failed. Debasing what has been a strong currency and making it weaker and weaker is in the end going to destroy the euro. In the interim, I’m long the euro. It’s time to go in and take the other side. It got beaten down so much.”
Rafael Del Pino Foundation in Madrid
Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.
“It’s a race in the purchasing power of paper money to the bottom, and the only assets that will, for sure, keep their purchasing power are precious metals.”
in Bloomberg
Related ETF`s: SPDR Gold Trust (ETF) (Public, NYSE:GLD) and iShares Silver Trust (ETF) (Public, NYSE:SLV)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
“Either taxes will have to go up, or expenditures will have to go down, or a combination thereof, which then will not be particularly favorable for economic growth.”
in Bloomberg Radio, May 24
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
"All we can do is to put our money into real assets because paper money everywhere is being debased"
in Bloomberg, May 13
Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.
In the short term you bet along with central banks and long term they all are going to go to the toilette. That I am convinced of. The next big crisis will really shake up the system. But the next crisis may be coming in 5 to 10 years time. And between if you print enough money, markets could go up very strongly.
in Bloomberg
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
"I own the Euro, I hope it rallies. There are gigantic short positions in the Euro, but I would have said that a week ago too and it went down. In the end, I don`t think the Euro will survive, 10 years, 15 years from now. But at the moment it will probably have a rally"
in Bloomberg, May 10
Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.
"I don`t think Greece is the cause of the sell off. I believe its a catalyst but the cause of the sell off is that markets run up too much, too quickly. In other words, most emerging markets were up more then 100% from the March lows and the S&P 500 was up more then 80%, and as I have argued we would see a 20% to 30% correction this year. Anyway, it just happened that this 20% correction happened in 10 days."
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world. Dr. Doom also trades currencies and commodity futures like Gold and Oil.
May 7 (Bloomberg) -- Investor Jim Rogers talks with Bloomberg's Susan Li about the selloff in U.S. stocks.
Rogers, Singapore-based chairman of Rogers Holdings, said the slump in stocks yesterday is a "normal correction" after a rally from last year’s low and not a reflection of panic among investors. Rogers also discusses Greece's debt crisis and his investment strategy. (Source: Bloomberg)
00:00 Slump is "normal correction"; currencies 01:22 Investment strategy; Greece debt crisis Running time 03:56
Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.
“The market’s overdue for a sell-off. Being down 3 or 4 percent is a big, big number but that’s hardly panic, not yet.”
in Bloomberg
Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.
The US dollar became very oversold last November when the Euro went to 1.5100. The Euro at that time was overpriced and since then the Euro has weakened very considerably as you know, today its at 1.3300 (1.2770, on May 6). I think this is about fair value vis-a-vis the US dollar. But I think the Euro will continue to drift lower because markets are that way, they overshoot and then they undershoot. So I think that for a while the dollar may still rise somewhat.
in Bloomberg, May 3
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world. Dr. Doom also trades currencies and commodity futures like Gold and Oil.
I can tell you, all governments will eventually have to be bailed out in the western world. Its either going to be through money printing, as I think, or default. They are over indebted, especially if you consider the unfunded liabilities like future pensions, social security, medicare, medicaid and so forth.
It does not add up, they will all default or they will all print money. But the outcome won`t be pretty, that I can assure you.
in Bloomberg
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world. Dr. Doom also trades currencies and commodity futures like Gold and Oil.
“The euro will remain weak, and there will be more bailouts. The sovereign debt problems will have an impact on economic growth."
in Bloomberg.com
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world. Dr. Doom also trades currencies and commodity futures like Gold and Oil.
“The Chinese economy is going to slow down regardless. It is more likely that we will even have a crash sometime in the next nine to 12 months. The market is telling you that something is not quite right"
in Bloomberg
Related Etf`s: iShares FTSE/Xinhua China 25 Index (ETF) (Public, NYSE:FXI), PowerShares Gld Drg Haltr USX China(ETF) (Public, NYSE:PGJ), iShares MSCI Emerging Markets Indx (ETF) (Public, NYSE:EEM)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world. Dr. Doom also trades currencies and commodity futures like Gold and Oil.
“The best would be to kick out Greece and the countries that abuse the system. They didn’t have the fiscal discipline that was essentially imposed by EU.”
in Bloomberg.com
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world. Dr. Doom also trades currencies and commodity futures like Gold and Oil.
“The lending rate in China should be at least twice as high as it is now.”
in Bloomberg.com
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world. Dr. Doom also trades currencies and commodity futures like Gold and Oil.
March 19 (Bloomberg) -- James Rogers, chairman of Rogers Holdings, talks with Bloomberg's Andrea Catherwood about his investment strategy for the euro and the pound.
Rogers, speaking in London, also discusses the prospect of an international bailout for debt-stricken Greece.
VIDEO LINK 00:00 Says Greece shouldn't get bailout, euro 02:33 Speculators on Greece, CDS, pound, stocks Running time 05:03
Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.
Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.
"It does not make sense for China to build more empty buildings and add to capacities in industries where you already have overcapacity. I think the Chinese economy will decelerate very substantially in 2010 and could even crash."
in Bloomberg
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world. Dr. Doom also trades currencies and commodity futures like Gold and Oil.
“They should let Greece go bankrupt. It would be good for the euro. It would be good for Greece. It would be good for everybody. If Greece went bankrupt then everybody would say, boy, the euro is serious, is going to be a sound currency and the euro would go straight up. Is not gonna happen that way, but that’s what should happen”.
in Bloomberg
Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.
Jim Rogers, chairman of Rogers Holdings, talks with Bloomberg's Betty Liu about Greece's fiscal woes. Rogers, speaking from Vienna, says a bankruptcy for Greece would benefit the euro.
Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.
Jim Rogers views on China and India (Bloomberg TV)
Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.
"The euro made a new high against the US Dollar at 1.51 on November 25th, 2009 and it was a false breakout move coming out of a wedge. And then we had the big correction down into 1.34. In other words, the US dollar strengthened considerably. Now the euro is very oversold and the news have been horrible. Everything you have read has been a disaster for the eurozone and I think the euro now can rebound to 1.40 before it goes lower."
in Bloomberg
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world. Dr. Doom also trades currencies and commodity futures like Gold and Oil.
“Saying 10 percent growth with giant deficits and debts just does not work. Spending is still too high in relation to income and in a year or two or three or four, it’s all going to come back to haunt India.
Should India’s government continue to spend at the present rate, the nation’s debt to gross national product may reach 100 percent in three to four years from more than 80 percent currently.
Many studies have shown that when your debt gets up to 90 percent of GNP, your growth slows immensely and you usually wind up having serious problems. India is becoming a very indebted nation and that’s not good for India or for the world.”
"If you add all the unfunded liability's the US has in terms of future liability's arriving from medicare, medicaid and social security, then obviously if the US was a corporation it wouldn't be a triple A, but it would have funds that are junks rated."
in Bloomberg
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world. Dr. Doom also trades currencies and commodity futures like Gold and Oil.
Marc Faber, publisher of the "Gloom, Boom & Doom Report," talks with Bloomberg's Margaret Brennan about U.S. government debt and the nation's top Aaa rating.
Faber also discusses Federal Reserve policy, China's economy and the real estate market. (Source: Bloomberg)
00:00 U.S. debt rating; Fed policy; credit markets 04:12 China's economy; real estate; asset prices Running time 05:49
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world. Dr. Doom also trades currencies and commodity futures like Gold and Oil.