Marc Faber Blog

Monday, January 19, 2015

Most people would rather have an unpleasant experience than do nothing


Recently, Bloomberg published an article by Michelle Fay Cortez (July 4, 2014) entitled: “Shocking: Many Pick Electric Jolt Over Solitude in Study.” 

The article explains that most people vastly prefer passive activities like reading or listening to music over spending just a few minutes by themselves. People tend to avoid being alone with their own thoughts.

According to the study published, "Being alone with no distractions was so distasteful to two-thirds of men and a quarter of women that they elected to give themselves mild electric shocks rather than sit quietly in a room with nothing but the thoughts in their heads. Maybe the mind is built to exist in the world, and people would prefer to have a negative experience rather than none at all."


Randy Kasten who is the author of “Just Trust Me: Finding the Truth in a World of Spin” explains that, “The ability to think critically is one skill separating innovators from followers. Critical thinking reduces the power of advertisers, the unscrupulous and the pretentious, and can neutralize the sway of an unsupported argument.” 

Monday, January 12, 2015

Marc Faber says everything will collapse in the end game


I happen to believe that eventually we will have a systemic crisis and everything will collapse. But the question is really between here and then. Will everything collapse with Dow Jones 20,000 or 50,000 or 10 million? 

Tuesday, January 6, 2015

Detroit's decline was unimaginable in 1920


When I moved to Hong Kong in 1973, Mao Tse Tung was still alive, the cold war was on, the Vietnam war was on. Then starting 1978, the breakdown of socialist communist policies began. 

The real opening started in 1989 - 1990. The changes in the world have been mind boggling. Nobody could have expected the lands where nothing at all 20 years ago, which is now modern cities. 

Equally in the 1920's nobody could have expected where Detroit was probably one of the richest cities in the world, that the city would disintegrate as much as it has.

Monday, December 29, 2014

Low growth even in Asia says Marc Faber


I'm living in Asia and I can see we are not in a recession, but there is very little growth at the present time.