Marc Faber 'Congratulates' Ben: "Well Done, Mr. Bernanke!"

Tyler Durden's picture




 

In a little under four minutes, Marc Faber explains to Fox Business' Dagen McDowell all that is wrong with the Central Planners 'current plan'. From a re-bubbled housing 'recovery' pricing real buyers out of the market ("homes do not offer a great opportunity today") to forced-renters paying increasing amounts of their stagnant wages, and the small percentage of ordinary Americans who actually benefit from a rising stock market, reducing their disposable income to which Faber sarcastically rants "well done, Mr. Bernanke." His advice, be diversified, don't BTFATH in stocks, and physical gold is always a good insurance.

 

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Wed, 01/01/2014 - 22:24 | 4292256 Clowns on Acid
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Time to short the QQQ's , even the Fed thinks that it is a bubble.

Wed, 01/01/2014 - 22:24 | 4292261 fonzannoon
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The Nasdaq will hit 5,000 this year. most likely by late spring.

Wed, 01/01/2014 - 22:32 | 4292269 Grande Tetons
Grande Tetons's picture

Happy New Year, Fonz. 

Stickin with FX in 2014 but your call seems less insane every passing second. 

Wed, 01/01/2014 - 22:32 | 4292285 fonzannoon
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Happy new year Grande. All the best to you and go get em in FX. 

Wed, 01/01/2014 - 23:43 | 4292429 knukles
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Looks like Netanyahu has a spacial gift for John Kerry....

http://www.bloomberg.com/news/2014-01-01/netanyahu-has-polyp-removed-fro...

Wed, 01/01/2014 - 23:53 | 4292447 BoNeSxxx
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And Boom goes the DYNAMITE.

They slammed it into the close of 2013... mission accomplished.  Now the Precious free (or so a girl can dream)...

 

http://www.finviz.com/fut_image.ashx?gc.png&rev=635242133700317500

Thu, 01/02/2014 - 01:26 | 4292564 lewy14
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Tax loss selling probably drove gold down some into the close of the year.

Thu, 01/02/2014 - 08:24 | 4292780 GetZeeGold
GetZeeGold's picture

 

 

.....or maybe they just used your grandkids free money to drive it down so they could buy it cheap.

 

The ability to create money from nothing.....is s huge moral hazard not really understood by the rank and file populous masses. Let's just hope no one figures it out.

 

It appears someone was starting to get the drift yesterday......or someone knew about it and just decided to cheat. Remember that there is no honor among thieves.

Wed, 01/01/2014 - 23:01 | 4292350 NoDebt
NoDebt's picture

He also called 2.75 on the 10 year by August.  That also seemed a bit insane at the time, but less so with every passing day as it became reality and then went even further.  I'm not inclined to bet against him on this one.

I had my DOW 20,000 memorial hats printed up in September on the odd chance I'd be able to give them out as Christmas gifts.  No such luck, but there's always another holiday right around the corner.

 

Thu, 01/02/2014 - 13:48 | 4293652 dow jones 20000
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make sure you send me one

Wed, 01/01/2014 - 22:33 | 4292277 Soul Glow
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Na.  All the dumb money is inside.  They're about to burn the house down.

Wed, 01/01/2014 - 23:09 | 4292365 The Dumb Money
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Yes.  Fully invested in TWTRQ (bought the 20% dip).  Nasdaq 5000 baby!!!

Wed, 01/01/2014 - 22:45 | 4292318 Deacon Frost
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Correct fonzannoon, gave you an up, to repeat one of my previous posts;

‘Stock Market Bubbles Don’t Burst in ZIRP’

‘Historically, major asset bubble crashes have always been preceded by rising short-term interest rates.’

The FED will somehow continue to control the short end and increase their balance sheet. From the looks of it, I guess they feel they can go to infinity.

 

http://philosophicaleconomics.wordpress.com/2013/04/12/stock-market-bubbles-dont-burst-in-zirp/

 

 

Wed, 01/01/2014 - 22:56 | 4292343 fonzannoon
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agreed Deacon, that seems to be the plan.There is not much else to say. I know I am out of things to say and I know I am irritating those on here who don't agree. time to move towards lurker status and let everyone else hash it out. good luck dude.

Wed, 01/01/2014 - 23:02 | 4292356 Dr. Engali
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Now that would be a shame if you went to lurker status. This is fight club after all, and if people get irritated that's their problem. The last thing the Hedge needs is to become one big echo chamber, hell it's been drifting that way too much as it is IMHO.

Wed, 01/01/2014 - 23:20 | 4292378 fonzannoon
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Thanks Doc. It's tough...for several reasons. The Tepco reactor stuff on here will always send a chill down my spine. But being in your camp below I had really hoped this place would move towards an investment oriented site that always kept the gold/insurance theme going but also stayed focused on different ways to speculate during this bizarro unending scenario we are in.

You are right that it has become an echo chamber, maily because it is economic collapse article after simon black store your gold far away from you article followed by Jim Quinn's the burning baby boomer platform article. so there is not really a lot of room left for someone to speak up. I'm not talking about this site going all Jeremy Siegel. But I hope you get what I mean. 

I know many don't feel this is an investment site. That's how I found it.  So to me it always was. I have to say it is disturbing that Bank Guy in Brussels got the boot and this ass to mouth dude below is what new people get to see.When that is where we are at it makes it easier to fade to the background, you know?

Wed, 01/01/2014 - 23:27 | 4292398 NoDebt
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Not sure if you've noticed, Fonz, but "lurker status" depends a lot on WHEN you post comments and in what threads.

Not like we're getting bombed out of the room here tonight speaking such unclean thoughts.  Right time, right place for the message.  How is it I just so happen to be reading this as you're writing it?  How is it Doc is, too?  Gotta be something to that.  Think about it.

Happy New Year to both of you, by the way.

Wed, 01/01/2014 - 23:38 | 4292413 Dr. Engali
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Happy New Year Nodebt. I wish you all the best in the upcoming year.

Wed, 01/01/2014 - 23:45 | 4292428 NoDebt
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Thanks, Doc.  I have great faith Janet will make it so.

Wed, 01/01/2014 - 23:29 | 4292400 Dr. Engali
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It disturbs me too when I see people who have well thought out comments get the boot and then some real idiots get to linger. If I were a person who believed in conspiracies I would think something sinister is going on.

Wed, 01/01/2014 - 23:35 | 4292414 fonzannoon
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well happy New Year nodebt and agreed all around guys. All the best to you and everyone else on here this year. 

Wed, 01/01/2014 - 23:58 | 4292458 BoNeSxxx
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I gotta stand with the Good Doctor Fonz... it wouldn't be fight club without you...

We've lost too many good men already... Lennon Hendrix and Mako just to name two others besides Bank Guy.

Keep the faith brother.

Wed, 01/01/2014 - 23:40 | 4292420 NoDebt
NoDebt's picture

Bank Guy.  That's when I scratched my head the first time.  I just assumed I missed some "blaze of glory" post from him or something, but he was never what I would have thought "boot-worthy" by the Tylers.

Wed, 01/01/2014 - 23:45 | 4292434 BigDuke6
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Bank Guy got flicked?

This site is going down the swany.

Thu, 01/02/2014 - 10:45 | 4293021 DanDaley
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For my money, what's going on here is simply the end of Zerohedge's Golden Age (no pun intended). As with governments and other systems, the free-wheeling-wild-west-modus-operandi eventually gets traded in for respectability and control, which is what I think is happening here. 

 

I was happy to have found this place a couple of years ago, and I have learned a lot from you folks, but the times they are a changin'. See ya on the flip side -whatever that means.

Wed, 01/01/2014 - 23:34 | 4292412 Ass to Mouth
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Thanks fonzadouche.  FYI - My forecast for the 2013 year-end DJIA, which was made last year in a local newspaper competition, was within 1.2% while most forecasters were of by 20% or more.  Go ahead and keep buying your junior gold mining stocks, but shut your mouth about other readers arsehole face.  Some of us are here for alternate opinions.

Wed, 01/01/2014 - 23:38 | 4292421 fonzannoon
fonzannoon's picture

Sounds good bud. Now that you made your goal for this year with your two blow up broads maybe try to spend the rest of the year sticking it in your own ass and then into your own mouth and fuck off piker.

Wed, 01/01/2014 - 23:45 | 4292426 Ass to Mouth
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You're welcome big guy.  Now go back to playing with your E Trade account.

Thu, 01/02/2014 - 09:15 | 4292834 GetZeeGold
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Do you have a newsletter?

Wed, 01/01/2014 - 23:44 | 4292425 NoDebt
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See, there it is, right there.  Not a fucking clue what he's talking about or the history behind it.  Could we trade this guy out and get Bank Guy From Brussells back again?  Shit, I'd trade him for Francis_Sawyer, and I never even liked that guy.

Wed, 01/01/2014 - 23:48 | 4292433 fonzannoon
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I got beat up on here for telling people for months to short the miners and here's dick in his ass and balls in his mouth guy telling me to stick with my junior minors. That's where we are at. 

His local paper LOL.....priceless....

Wed, 01/01/2014 - 23:49 | 4292441 Ass to Mouth
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Yeah, the local newspaper where there is public record.  So I'm not just making shit up like your junior gold mining stocks short play for the year.

Thu, 01/02/2014 - 00:27 | 4292456 fonzannoon
fonzannoon's picture

last I checked, the comments on here for the past year are documented. so if you doubt me, have at it. 

I'm not telling you what you should or should not say. I used your comment to illustrate a point. It's obviously important to you that everyone hear how you won the big game in your local paper and banged 2 slobs..so post it if you want to. It's just a shame that other people who also had some stuff to say don't get the same courtesy. That's all this was about. 

Thu, 01/02/2014 - 00:49 | 4292525 Bay of Pigs
Bay of Pigs's picture

Hey fonz. I'm checking out for awhile (posting). Just wanted say thanks, and wish you well in the coming year.

Hoping to see Maui again soon, which will lift my spirits immensely. Aloha brah...

Thu, 01/02/2014 - 00:55 | 4292533 fonzannoon
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right back at you man. take care.

Thu, 01/02/2014 - 01:05 | 4292540 Tall Tom
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I may not agree with you at times.

But you better not go, damn it!!!

Thanks for making me think.

Thu, 01/02/2014 - 09:14 | 4292838 GetZeeGold
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Yeah, the local newspaper

 

What locality might that be?

Thu, 01/02/2014 - 08:10 | 4292776 RSloane
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Fonz! Don't you go anywhere. This site would be diminished without you.

Wed, 01/01/2014 - 23:50 | 4292443 NoDebt
NoDebt's picture

That's why it's so damned funny.  Maybe the rest of the world has no memory of past events, but for those of us who do, it's hysterical watching people like him run around ABSOLUTELY CLUELESS what they're even criticizing or why.

It's like watching chimps on heavy doses of nitrous oxide throw poop at eachother.  Pointless, but hysterical.

Thu, 01/02/2014 - 08:18 | 4292782 eclectic syncretist
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I'm not just buying the junior mining stocks, I'm even buying some of the sub-junior mining stocks.  You want an alternate opinion go read Abby Joseph Cohen.

Thu, 01/02/2014 - 02:27 | 4292628 WillyGroper
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Wondered where BGB went. 

What was his crime?

Thu, 01/02/2014 - 08:00 | 4292769 eclectic syncretist
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Not this year Fonz.  I predict we go down and the blame gets laid at the feet of "fear of rising interest rates".

Wed, 01/01/2014 - 22:30 | 4292273 Dr. Engali
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You short the QQQs and you will be separated from your currency.

Wed, 01/01/2014 - 22:34 | 4292283 SHEEPFUKKER
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.....and your shirt. 

Wed, 01/01/2014 - 22:41 | 4292306 disabledvet
disabledvet's picture

and your sheep.

Thu, 01/02/2014 - 08:05 | 4292773 eclectic syncretist
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The change in your sentiments offers confirmation that this will be the year that the market corrects and PM's bottom.

The Q's will not see 5,000 for a long, long, time.  Perhaps not in your lifetime.  The rate of technological innovations in electronics that we've experienced over the last two decades is stalling out.

Wed, 01/01/2014 - 22:33 | 4292286 Grande Tetons
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Amen to that. I am still mending some of my wounds from last year. Happy New Year, Doc. 

Wed, 01/01/2014 - 22:40 | 4292300 Dr. Engali
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Happy new year to you too. I hope 2014 is a prosperous year for you.

Wed, 01/01/2014 - 23:21 | 4292390 Rubbish
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Don't look now but PM's are "Soaring"

 

/sarc

Wed, 01/01/2014 - 23:26 | 4292394 Soul Glow
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Silver is up +3%.  Not sure where you got the sarc.

Also to anyone worth their merit, when PMs move higher in front of Europe and the US it is highly bullish.

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