Marc Faber: Massive Gvt Stimulus + Super Easy Fed = Trouble Ahead
"Run for your lives! The future will be a total disaster, with a collapse of our capitalistic system as we know it today - wars, massive government debt defaults and the impoverishment of large segments of western society."
Interview gets good after 3 minute point:
Interviewer: "You are talking about Economic Armageddon here."
Farber: "Yes, Yes, Absolutely - that I am convinced. A high confidence prediction that total collapse will come."
Farber: Bullish now but ultra-bearish for the long term. (note: this is a comment that I disagree with - see charts at bottom of post for rationale)
Charts below extracted from Ty Andros's superb article - Fingers of Instability Part VI - Train Wreck Dead Ahead
Bottom line - near-term: I think we're overdue for another severe stockmarket downturn. Now I don't believe this near term market correction will lead to the complete Economic Armageddon Faber is talking about, but I do agree with him it will happen over the longer term... Main issue over the longer term being: The dollar is toast!