Marc Faber

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Marc Faber: 3 Reasons to Expect an "Epic Decline"

By , Associate Editor, Money Morning -

marc faber Legendary "perma-bear" Marc Faber says that investors are due for a massive sell-off, according to a June 17 report from MoneyWeek. Faber says U.S. markets are heading for "an epic decline in asset prices... after eight-plus years of bull markets," which have left valuations at historically high levels. Here's a look at the three factors […]

Here's a look at the three factors Marc Faber says will cause an "epic decline" - and how you can protect yourself (and your money) now...

Marc Faber Warns of Fed-Created Global Socialism, Backs Donald Trump

By , Money Morning -

Marc Faber

Marc Faber spoke with CNBC on Sunday to explain why he's worried that central banks, including the U.S. Federal Reserve, are rapidly contributing to the rise of global socialism.

The famed Swiss investor also backed GOP front-runner Donald Trump during his interview, for one surprising reason.

Here's what Faber had to say about nasty central banks, their bad policies, and the billionaire businessman he wants to see as the next U.S. president...

Latest Marc Faber Stock Market Crash Prediction Doesn't Go Far Enough

By , Money Morning -

stock market crash

The latest stock market crash prediction forecast by legendary contrarian Marc Faber is a little vague. He says what's going on with the Chinese yuan could have a negative impact on U.S. markets.

But we'd prefer a more thorough outlook on the state of the damaged Chinese currency and what to expect from it in the near future.

Good thing we know exactly who to listen to...

Investment News Briefs

By , Money Morning -

With our investment news briefs, Money Morning provides investors with a quick overview of the most important investing news stories from all around the world. Top AIG Lawyer Quits Over Pay Restrictions, Gets Millions in Severance; Biggs & Faber: S&P 500 Has Room to Run, Dollar Will Rebound; Consumer Confidence Rises for Second Month in a Row; U.S. Home Prices Unchanged in October; China Audit Finds $35 Billion in Fraud by Officials; GM Holds Fire Sale on Remaining Pontiacs and Saturns; Oil Moves Closer to $79 Outgoing American International Group Inc. (NYSE: AIG) General Counsel Anastasia Kelly will get "several million dollars" in severance after she quit over federal pay curbs, people familiar with the matter told The Wall Street Journal . Kelly was entitled to the money under AIG's severance plan, which says certain executives can resign and collect severance if their pay is significantly reduced, the people said. Kelly's pay stood to take a large hit after the Obama administration "pay czar" Ken Feinberg capped annual salaries at $500,000 for executives at companies that received billions in bailout money. The exact amount of severance was not specified. Hedge fund manager Barton Biggs and contrarian investor Marc Faber both said in an interview with Bloomberg Television that the dollar and the U.S. equity market may gain up to 10% in the next two years. "History would suggest that after such a severe economic shock like we've just had that the odds are that we're going to have a pretty good burst of growth in 2010, 2011," Biggs said. "I don't see any reason why we can't have a further rally in the dollar and a further rally in stocks. And my guess is that the next move in both could be on the order of 10%." Both Biggs and Faber recommended investors buy U.S. stocks on March 9, 2009 when the Standard & Poor's 500 Index was at its lowest point in 12 years.

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