GloomBoomDoom Marc Faber Interview

This one of the best interviews we have seen. Nothing new but there are some things he said which is quite refreshing! Basically, the summary of this interview on 1 Dec 2008 is:
1)Buy and hold strategy is dead.Warren Buffet's approach is dead for 10 years and will be dead for another 10 years ........MEOW!
2)US and China economy is a total disaster
3)He is bullish on Gold
4)He thinks Treasury bonds is the next bubble
5)He thinks the global economy will take at least 5 years to recover
6)China's reserve of 2 trillion dollars in reserve is not much in proportion of the 1.3 billion population size.
7) The Chinese is not a good example on how to invest money as they has most of their holdings in USD treasury bills
8) Central bankers are making things worse by printing more money and should let more banks fail
9)Corporate bonds is worth to invest in
10)He expects the economy to go down very badly in 2009 and be a total disaster.

Marc Faber - Part 1

Marc Faber - Part 2

Important: The objective of the articles in this blog is to set you thinking about the company before you invest your hard-earned money. Do not invest solely based on this article. Unlike House or Instituitional Analysts who have to maintain relations with corporations due to investment banking relations, generating commissions,e.t.c, SGDividends say things as it is, factually. Unlike Analyst who have to be "uptight" and "cheem", we make it simplified and cheapskate. -The Vigilante Investor, SGDividends Team