CNBC interviewed another person with an acute mental disorder today. This time, they brought out giggling Marc Faber, fresh out of the asylum. Amongst other things, Marc believes stocks will fall, gold will rise, Vietnam will flourish, and the dollar will collapse–but not necessarily against other currencies (whatever the fuck that means).
Much to my surprise, the batshit Faber has 25% of his assets in stocks. Not that it should surprise anyone, given that he’s a lunatic and all. He’s only been calling for the end of western finance for 20 years now. Why not go along for the ride, just for shits and giggles?
One last distressing fact, Marc is a resident on the ark, an ardent buyer and supporter of U.S. treasuries.
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I love his random uncontrollable laugh………..
Welcome, Devil Dog Mark. Gosh, I am about to run out of fleece vests soon. I’d better get some people over in China to make some more of them, since that appears to be where everything is made now.
*Marc
Thanks, I didn’t notice the spelling. I need to make sure I have the correct spelling of all the names on the illustrious Devil Dog list.
If he’s buying treasuries I suspect he doesn’t believe his own lunacy of a dollar collapse.
How does this clown even rate airtime???? Might as well have Martin Armstrong and Gerald Celente on CNBC.