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Marc Faber and Mish on Tech Ticker
Friday, March 12, 2010
Marc Faber and Mike Shedlock appeared on Tech Ticker to talk about the prospects for the U.S. economy - shortly after you hit the Play button, you'll start to feel the optimism ooze out of your computer screen and onto your keyboard.
Says Faber: "Well, I think the collapse of civilization has already begun, but it began for me very nicely yesterday. I was at the Chicago airport and I ordered a beer..."
5 comments:
These guys are great. Thanks for posting. The service Mish provides for free is simply amazing.
People thought Greenspan was a Genius back then, because he used words that were not generally used. How stupid people are, judging some one as a genius just from speech. That is how Obama got elected from his speech.
Clinton, Greenspan, treasury secretary at that time, together they ruined this country. Clinton got rid of Glass Segal act via treasury secretary, Greenspan created greatest bubbles ever since mankind became civilized. Clinton also paved way for 9/11, by not acting during the bombing of WTC first time.
Oh I forgot to include Ms.Albright also in the gang.
The thing I learned from Greenspan when he coined the term "irrational exuberance" back in the late 90's. P/E ratios were very high back then, well over 30. source: http://www.multpl.com/table
Now, the P/E is around 21.
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