Marc Faber – President Obama Has Done A Horrible Job, Is Intellectually Dishonest And Has Made The System Worse

One of our favorites on Bloomberg.   I can’t help but chuckle as Faber laughs every time a question is asked. 

Faber was a pumper of China for many years but has recently come around to our point of view.  That is, as he remarks, something is wrong in China.    His perspective is that China and emerging markets are a shorter term issue.   I believe there is incontrovertible data that the doom will last for a long, long time.  And his perspective that the dollar is a short term buy is very misguided when one considers the data.

Faber also echoes our views on the idiots who convene yearly at Davos.  That is, it is a group of liars who perpetuate fraud and abuse. 

Let’s be clear.  Faber has been wrong on some major macro issues over the past handful of years but he generally gets it right.  Faber always gives an excellent interview based on his perspective of unvarnished reality.