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Canadian Value
Canadian Value
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Nothing But Doom and Gloom from Marc Faber

September 04, 2013 | About:

Head to the 5:00 minute point for Mr. Faber.

Today Faber has the following observations (and others):

- Earlier this year Faber called for a 1987-style crash. Today he says that this has come true in many emerging markets.

- Faber observes that homebuilders have sold off 30% in the U.S., which draws into question the American housing recovery.

- We are swimming in an ocean of liquidity and the money has been flowing out of emerging markets quickly.

- The American market has risen non-stop from March 2009, and that rally is old.

- Interest rates are no longer a tailwind; they are a headwind as they have risen despite the efforts of Bernanke.

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Canadian Value

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