mwfall

Marc Faber on the Economy, Gold, WWIII

very well said.
farber is over rated


On Jan 07 01:53 PM Skjellifetti wrote:

> Farber's world view admits no shades of grey. A mixed economy such
> as we have today and which has given the world one of the greatest
> economic growth stories in human history is not acknowledged as a
> legitimate choice.You are either capitalist or communist.
>
> Farber's world view allows but a single cause for our current mess.
> The fact that many shady mortgage lenders chose to make risky loans
> to underdocumented and poor risk borrowers or that many borrowers
> chose to leverage their homes to the maximum extent possible based
> on the hype that home prices would grow forever at a 20% rate is
> not possible in his world. Nope, it was all the governments fault.
>
>
> Farber's world view has no room for compassion. Does he think that
> those people in Detroit who have worked hard and saved all their
> lives but have now lost their jobs and are in danger of losing their
> homes and healthcare and everything else as a result of the poor
> choices made by others should be left to their own devices? Why not,
> he is still rich. Why should he care?
>
> Farber may be a great investor, but I would never let such a narrow
> minded ideologue make social policy for the rest of us.