Marc Faber: "we're all doomed, we're doomed"

Quote from bearice:

"Basically I think everybody will agree that in an economic system the market solves problems best."

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Faber said he was against repealing the Glass-Steagall Act that was separating investment banks from commercial banks, but he does not think state regulation is the answer.
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This Faber, is the perfect fishfeed to catch sharks...

1 So for him Law has no use... It's a weight on the Market ? Markets need limits... ( How could this "educated fool" not know that Slavery was part of the Market during certain times ? )

2 Sure he is against repealing the Glass-Steagall Act... Never hurt the hand that feeds you.
 
Quote from SNBthetrue:

This Faber, is the perfect fishfeed to catch sharks...

1 So for him Law has no use... It's a weight on the Market ? Markets need limits... ( How could this "educated fool" not know that Slavery was part of the Market during certain times ? )

2 Sure he is against repealing the Glass-Steagall Act... Never hurt the hand that feeds you.
More...


Free markets yes, but I am with Volcker on this one.
 
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