The gloom and doom man from the gutters of the transsexual districts in Thailand is throwing mad shade at Fed chief, grandmother Yellen, suggesting we’re already in recession, equity prices are fucking doomed, and the world as we know it is about to end.
“Ten-year U.S. Treasuries are quite attractive because of my outlook for a weakening economy,” Faber, the publisher of the Gloom, Boom & Doom Report, said in an interview with Bloomberg on Monday. “I believe that we’re already entering a recession in the United States” and U.S. stocks will fall in 2016, he said.
Bear in mind, Marc Faber has been saying this ever since the day he started to speak Dutch, or whatever the fuck his native tongue is.
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Fade that shit.
One of these years he will be right and make 30 or 40 bucks. Probably the equivalent of a handy from a tranny. Fly, wouldn’t treasuries trade lower in a rising interest rate environment?
It would likely be a falling rate environment as the Fed reverses course. Leading to (probably) negative interest rates, until they lose all credibility and the dollar depreciates significantly causing inflation a la the Jim Rickards scenario… Which THEN would finally lead to higher rates in order to keep up w/ out of control inflation.
Not only that, but the universe has ended and we are all living in a simulation, which explains why Faber is stuck in some kind of recursive loop.
supposedly the put/call ratio is crazy high…. can’t imagine they want to pay out on those puts
So get this, the value of Puerto Rico’s “Cofina” bonds, which were supposed to be secured are valued at about $15-17B. If those bonds are not paid this weekend, the value of the bond will have to be marked down. Many mutual funds and hedge funds hold these bonds. HF blow up anyone?
I’m coming up with $18 for silver into Feb…. we’ll see