Thursday, June 13, 2013

Marc Faber says Nouriel Roubini is outstanding economist but....

I know Nouriel Roubini very well. He is an outstanding economist. [But] I wouldn't use him to giving me advice when to buy or sell shares or gold.

In 2009 when S&P was at 666 he[people like Nouriel] said the S&P would drop to 400. Since then the market is up 140%. You didn't have to fight the fed until now. But in my view the global economy isnt growing much as evidenced by the sales report of Mc. Donalds, Caterpillar. The market has already discounted QE unlimited. Its never going to end. The impact of easing monetary easing is diminishing.