Well, my advice to him is to "get busy living or get busy dying", because I am hyper bearish too, but I am not going to jump out of a window. I will leave that to the greedbots who created this latent fiasco, bringing the world economy to the brink of collapse, not once, but twice...
What more can a guy like me say who has already been bearish since the summer of 2009? If anything, "perma bears" like me are part of the problem, because we have been gamed so many times by Bernankenstein that everyone now assumes he will always have the upper hand. The same for the perma-bearish Elliot Wave types and every other voice of reason - this has gone on so long that we have become self-evident proof to perma-optimists that everything we say is wrong.
...that is, if you trade on a :15 minute boundary...
To the real world, it won't matter whether this clusterfuck collapses today, tomorrow or three years ago. It will only matter that the reasons for its inherent instability were ever-present, and the logic for its collapse was indisputable. Most importantly, what will matter is that those few who accepted those facts at face value, got the fuck out of the way ahead of time...
"Hyper-bearish" my ass - just another hyperinflationist figuring out where to put his money...
Faber says everyone should have "some gold". I totally agree. Everyone should have some gold, ammo, bread, toilet paper, baked beans, comic books...
He also says that "printing money won't have equal effect on all prices". No shit. Like the most important price - some people call "wages".
He then says there will be a flight from bonds into stocks...??? Cue Tattoo calling Mr. Roarke - "Da Plane Boss, Da Plane " !!!
For Marc Faber's benefit, here is what asset deflation does to risk assets:
