While there is no doubt Mr Faber is a perma bear with some wild predictions this little gem of yours buts you in no better position Benjamin???

"Not when you consider that the major world central banks' promise to act if necessary to deliver sustainable growth." Oh, perhaps just like how their actions over the past 5 years have delivered such an outcome?

Calling out Faber is one thing, but that little comment alone destroys any credibility you may have had in suggesting your wisdom was any greater.

Reply to article

For original story, Click Here.

Reply to article

For original story, Click Here.

BB, you are correct! I'm in no better position but ... who is? Not even the IMF, nor the powerful centrak banks themeselves can predict with 100% accuracy.

My opinions are based on how I see the macro fundamentals unfold and the subsequent/consequent policy (fiscal or monetary) actions.

And yes, just like the CB's policy actions over the past 5 years. We could engage in a lot of what ifs -- as in what if they hadn't QE'd? -- but unfortunately economies aren't like test tube experiments that could be repeated and parameters changed.

Right or wrong, economies avoided a much deeper recession (depression?) due to CB money. And look at Britain, easy money and asset purchases have turned speculations of another recession only a year ago to, according to the IMF, an economy that will be the fastest growin among the G7 this year.

I agree with Peter Urbani's comment though -- we can't avoid another crash because of failure to learn from the past and address the rise and rise of debt and moral hazard.

The problem is which government or central bank head would allow to come to pass under their watch?

Thank you for your comments folks.

Reply to article

For original story, Click Here.