Marc Faber, however, isn’t your everyday mainstream economist.
Appropriately named Dr. Doom for his past predictions of coming market chaos and global economic destruction, Faber has long recommended a different strategy.
From high voltage fences and barbed wire to heavily weighted allocations of precious metals and raw farmland, he’s seen the writing on the wall since before the crash of 2008.
He not only warned subscribers of his Gloom Boom & Doom Report to exit financial markets in early 2008, but called for a market rebound on the exact day of its 2009 lows.
Faber is a student of history, economics, and monetary policy, and he has an almost prophetic ability to see what’s coming next.
This week he offered investors and concerned Americans another “buy” recommendation – one that you’ll never hear from your favorite financial adviser or media pundit.
I would have thought that the market on his re-election should have been down at least 50%.
I think Mr. Obama is a disaster for business, is a disaster for the United States. Not that Mr. Romney would be much better, but I think the Republicans understand the problems of excessive debt better than Mr. Obama. who basically doesn’t care about piling up debts. And you also have in the background Mr. Bernanke, who with artificially low interest rates enables the debt to essentially escalate endlessly.
Continue Reading: Doom Economist’s Asset Protection Strategy: Buy A Machine Gun… and a Tank