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Yes, but repeating the same scenario for 35 years year in year out doesn't make it more likely neither. In my world, anything has a probability attached to it. Financial Armageddon has a place in my probability universe just like Goldilocks does. I don't operate on "100% likelihood" or...

Indeed. Faber is just another talking head signing a very old and tired song. Eventually he (or his successors) will be right, everybody will have forgotten about the dozens of clowns who were proven wrong by the markets before: # Hardcover: 264 pages # Publisher: Beaufort Books (April...

Does anybody else have a feeling Faber slips in these ridiculous lines into his interviews, just so the blogs keep picking him up? * "100% certain US will have hyperinflation as bad as Zimbabwe" * "Guaranteed that the Dollar will implode to value of zero" * "Financial system collapse and...

I take it these will be AAA rated? :cool:

Maybe he should have accepted defeat, close up shop and saved himself a lot of pain say one year ago. Obviously I don't know the specific situation and I am just generalizing, but I have seen people who were running businesses well after the point of no return because they simply just can't...

The infamous"diversification" argument. Didn't the pension funds say the same nonsense when they purchased those commodity swaps courtesy of Goldman Sachs crude oil to $200 call in the summer of 2008? Why are these idiots never buying stuff for diversification after it's down 80%? Why only...

Any trading approach depends on the benevolence of its underlying markets. There will always be times where it's much harder or next to impossible to make money with a certain trading approach, for an extended period of time. Regardless of how smart you are or if you belong to the top 1% of the...

Then why was Global Macro declared dead after Soros mishaps with the Russia default in 1998 and Tiger blowing up in 1999/2000? You can't argue that away just with "silly bets". Certainly, a similar period will occur again sooner or later: Soros made no money 1995-2000. Did he lose his...

Did he sell at $150? Or hold all the way down to $30 like an amateur?

Roubini is a fool for commenting on the direction of the SP500, Oil and gold prices. The sad thing is the idiots on bubble vision keep asking that non-sense, he should simply refuse answering. I agree with Tigerjaw's post above. Roubini can predict all the market crashes he wants, the...

I don't recall him ever advocating that. Link? To the contrary, he has recently been on the record that the Fed has to consider outlining a pathway to removing liquidity from the markets in order to fend of the bond vigilantes.

Controversial about inflation? Maybe. Still, so far he was spot on. At the peak of the commodity bubble in 2008 he said "Within a couple of months inflation will be the last problem on the Fed's priority list".

Soros? One of the greatest traders (!) and minds of our times. Soros has his own money on the line backing up his macro thinking, unlike many talking heads who make bold predictions day and night and never follow up on them. Soros' track record speaks for itself, even more so in recent years:

Koo: http://www.bloomberg.com/apps/news?pid=20602007&sid=a5682ThUSwY4 U.S. Risks Japan-Like ‘Lost Decade’ on Stimulus Exit, Koo Says

And what makes you think a trendfollowing fund constantly improving their edge and planning different scenarios can't outperform 95% of their peers? If markets are not efficient then trend following (and any other trading approach for that matter) is in a position to generate superior risk...

There is no difference in the contango/backwardation issues between GSCI or Jim Rogers Commodity index. The OP of this thread was directly criticizing the term structure problems of commodity futures investments. These are similar across all future/ETF commodity investments. Anybody who took...

Not anytime soon:

I noticed. At the end he was referring to the 10y yield being at 2.4%, that must have been in January.

And the poor are indebted and thus also benefit from inflation. They can pay back their loans with worthless paper money.