England

Marc Faber: ‘I Think Before The Year End We’ll Have Some Form Of QE 4 In The U.S.’

Swiss-born investment advisor/money manager Marc Faber was on the phone with the FOX Business Network this morning. The publisher of the monthly investment newsletter The Gloom Boom & Doom Report discussed additional intervention by the world’s central banks in the wake of the “Brexit” vote and more quantitative easing in the United States. “Doctor Doom,” as the financial news media likes to call him, told viewers:

Regarding the confidence, I’m not so sure, because if you look at the performance of Treasury bonds, they would indicate that there is a sense that the economy’s weakening and that there are problems in the financial system. Also if you look at the performance of European bank stocks, they are horrible performers. So the confidence coming back- I’m not sure. But clearly Brexit means more money printing by central banks. They will continue to intervene. And I think before the year end we’ll have some form of QE4 in the U.S…

(Editor’s note: Bold added for emphasis)


“Marc Faber: Brexit means more money printing by central banks”
FOX Business Network Video

On the spectre of recession, Dr. Faber added:

I think the problem will be if there are no additional QEs around the world- not just in the U.S. but around the world- is that asset prices will no longer go up and we’ve seen this already in London properties, in New York properties- and this will have a negative impact on the economy. The recession in my view is not going to come from really the economy per se, but from asset price deflation

(Editor’s note: Bold added for emphasis)

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s note: A qualified professional should be consulted prior to making a financial decision based on material found in this weblog. If this recommended course of action is not pursued, then it must be understood that the decision is the reader’s and the reader’s alone. The creator/Editor of this blog is not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information contained herein.)

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Jim Rogers: ‘I Expect The American Economy To Be In Recession Sometime In The Next Year Or Two

Well-known investor, author, and financial commentator Jim Rogers was recently interviewed by the Nikkei Asian Review (Japan) about the global economy. Assessing its health, the former investing partner of George Soros warned on the Review’s website on March 20:

I am not optimistic about the global economy for the next couple of years. Japan is already in recession, some parts of Europe are suffering, some parts of America are suffering and that’s going to get worse, in my view, because there is nothing to make the world get better.

In America, we’ve had seven years since our last recession. That is unusual because in America, normally every four to seven years, throughout history, we have had an economic slowdown. So it’s overdue. It doesn’t have to end in seven years, but we have many excesses which have taken place in the world economy, caused by very low interest rates. And the American central bank is making many, many mistakes by having interest rates so low and by printing so much money. And then the Japanese central bank and the European Central Bank, and the British central bank, all did the same thing. So we’ve had an artificial situation based on printed money and huge amounts of debt. [The Federal Reserve’s] balance sheet was $800 billion in 2008. Now it is nearly $5 trillion. I expect the American economy to be in recession sometime in the next year or two.

(Editor’s note: Bold added for emphasis)

Survival And Prosperity readers may remember earlier this month I quoted a March 4, 2016, Bloomberg.com piece where it was reported:

The famous investor said that there was a 100 percent probability that the U.S. economy would be in a downturn within one year

(Editor’s note: Bold added for emphasis)

In the short-but-insightful Nikkei Asian Review interview conducted by Hisashi Tsutsui, the Singapore-based Rogers revealed where he would invest given current circumstances, which you can read all about on the publication’s website here.

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s note: A qualified professional should be consulted prior to making a financial decision based on material found in this weblog. If this recommended course of action is not pursued, then it must be understood that the decision is the reader’s and the reader’s alone. The creator/Editor of this blog is not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information contained herein.)

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Signs Of The Time, Part 88

The Financial Times (UK) website reported yesterday that Z/Yen, billed as “the City of London’s leading commercial think-tank,” just published its eighteenth Global Financial Centres Index. GFCI 18, as it’s otherwise known, rated 84 of the world’s financial centers. From a Z/Yen press release Wednesday:

London has moved ahead of New York to reclaim the number one position. London climbed 12 points in the ratings to lead New York by eight points…

London, New York, Hong Kong, and Singapore remain remain the four leading global financial centres. New York, in second place is now 33 points ahead of Hong Kong in third. Tokyo, in fifth place, is 25 points behind the leaders…

Toronto (8th), San Francisco (9th), and Washington, D.C. (10th) were other North American cities in the “top ten” of this year’s Index.

You can read the entire Z/Yen press release on their website here (.pdf format).


YouTube Video

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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Thursday, September 24th, 2015 Asia, Europe, North America, Signs Of The Time No Comments

Marc Faber Recommends Equities, Real Estate, Precious Metals To Counter Stock Market Plummet

Swiss-born investment advisor/money manager Marc Faber was on the CNBC TV show Trading Nation yesterday. Speaking by phone, the publisher of the monthly investment newsletter The Gloom Boom & Doom Report reminded viewers of the stock market correction he’s been predicting for some time now. Dr. Faber said:

I think that the market is in a position where’s it’s not just going to be a 10 percent correction- maybe first goes up a bit further. But when it comes it will be 30 percent or 40 percent minimum.

Famous for advising clients to get out of the U.S. stock market one week before the October 1987 crash and for predicting the 2008 global financial crisis, Faber added:

I’m not short the market yet.

Nevertheless, it sounds like the “crash prophet” is prepared. “Dr. Doom” shared with viewers:

I don’t want to be 100 percent in cash for the simple reason that I don’t trust governments, and I don’t trust banks. So I want to own some equities, I want to own some properties, and I want to own some precious metals. And when we talk about stocks, the only group that stands out as great value around the world are gold mining shares.

Faber went on to talk about gold stocks more in-depth.


“Marc Faber talks protection strategies”
CNBC Video

Later on in the show, Dr. Faber added:

If I look at the ignorance of central bankers, and their recklessness of printing money from the U.S. to the ECB to Japan to the Bank of England, I want to own some precious metals.

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s notes: Info added to “Crash Prophets” page; I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein.)

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Chicago-Area Shopping Malls Targeted By Terrorists?

Muslim extremists are calling for terror attacks directed against Western malls. From the website of Chicago CBS affiliate Channel 2 Saturday night:

A terror group with ties to al-Qaeda released an online video Saturday appearing to call for attacks on Western malls, including at least one U.S. shopping center.

There is no credible, serious threat to a location in the Chicago region, but CBS 2’s Chelsea Irving reports one area police agency is taking the message seriously.

In the 75-minute video released Saturday, Islamic extremist group al-Shabaab calls for lone followers to attack Western targets.

The speaker specifically mentions the Mall of America in Minnesota. In the last five minutes of the video, the logo of Westfield shopping centers appears. The addresses in the video are for Westfield malls in England, but the speaker calls for attacks on any Westfield mall.

In the U.S., Westfield has 38 malls in eight states. Three are in the Chicago region: in Aurora, Skokie and Vernon Hills…

(Editor’s note: Bold added for emphasis)

Specifically, those Chicago-area shopping malls are Westfield Fox Valley (Aurora), Westfield Old Orchard (Skokie), and Westfield Hawthorn (Vernon Hills).

Keep in mind authorities say “there is no credible, serious threat to a location in the Chicago region.” Personally, I’d just as soon visit these three malls as any other these days, maintaining optimal situational awareness during those “shopping sprees.”

You can read the entire CBS 2 piece on their website here.

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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Jihadists Conducting Recon Of British Parliament?

Something tells me our friends in Western Europe might suffer a major terrorist attack before a strike against the United States. Sunday morning I was reading the “Travel” section of my Chicago Tribune when I spotted the following under “World watch”:

United Kingdom: Authorities warned of potential terrorist threats against the Houses of Parliament in London, prompting calls to close the Palace of Westminster to the public. The ISIS-related threat was announced after British intelligence learned of suspected jihadists visiting Parliament for tours in recent weeks. The Palace of Westminster, where the House of Lords and House of Commons meet, is Britain’s most iconic structure, with the attached tower and Big Ben clock being the nation’s most recognizable symbol. Military police are refreshing their training to prevent a terrorist attack, and tourists should follow local media for updates when planning to visit Parliament…

(Editor’s note: Bold added for emphasis)

“Kids. Big Ben. Parliament. Allahu Akbar!


“European Vacation- Roundabout”
YouTube Video

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Source:

Burlison, Dani and Habegger, Larry. “World watch: Threats may leave London travelers outside Parliament.” Chicago Tribune. 29 Oct. 2014. (http://www.chicagotribune.com/lifestyles/travel/ct-trav-1102-world-watch-20141029-story.html). 4 Nov. 2014.

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Riot-Inspired Purchases During The Ferguson And 2011 England Unrest

It’s interesting- at least, for me- to see what sort of gear, supplies, and tools are being acquired while the protests continue in Ferguson, Missouri, for another night. Yesterday, Kerry Picket reported on Breitbart.com:

The use of tear gas by Missouri law enforcement has caused a run on gas masks in the St. Louis area. Local residents, reporters, and video production crews are making last minute calls to places like Uncle Sam’s military surplus only to find out that gas masks, gas mask filters, and bullet proof vests are all sold out

(Editor’s note: Bold added for emphasis)

Picket added later in the piece that ear plugs, “bullet proof chest plates” for vests, and tactical vests are in demand as well.

The civil unrest looks to be spurring sales of certain personal safety products on Amazon.com as well. Charlie Spiering reported on the Breitbart website this morning:

As protests continue in Ferguson, Missouri, gas mask sales are skyrocketing at Amazon.com. Sales of the online retailer’s most popular gas mask model have risen 434 percent in the past 24 hours…

Another popular gas mask sold on Amazon, the Israeli Civilian Gas Mask, has rocketed up the sales charts by 250 percent…

(Editor’s note: Bold added for emphasis)

As I type this, that “most popular gas mask model”- the NBC 40mm NATO SGE 400/3 Anti-Riot Military Gas Mask Made In The USA– is running low (only 16 units left in stock), while sales are still up 63 percent over the past 24 hours.

As for the other popular gas mask- the Israeli Civilian Gas Mask with NBC NATO Filter and Drinking Hydration Tube– that’s also still up 58 percent.

Meanwhile, the Israeli Civilian Gas Mask w/ Nato Filter (no drinking hydration tube) has jumped ahead of the other two, racking up a 128 percent increase in sales over the past day last time I looked.

Compare all this to what the English were buying during their 2011 bout with civil strife. I blogged back on August 12, 2011:

Apparently, pots, pans, and rubber hoses just aren’t cutting it for some Brits on the front lines of the rioting and looting. Reuters’ Rosalba O’Brien reported yesterday:

Sales of baseball bats and batons have shot up more than 5,000 percent in the last 24 hours on Amazon’s British website, as London suffered its worst violent unrest in decades.

Seven of the top 10 ‘movers and shakers’ in Amazon’s sports and leisure list were baseball bats of various kinds, their sales since Monday rising between 1,756 percent and 5,149 percent.

A “military police telescopic baton”, described by the manufacturer as useful for “effective self-defence with extra reach”, was the 110th best selling item among Amazon’s sports and leisure customers, up from a ranking of 5,622 just 24 hours ago. Actual sale number of the items are not given.

A look at the Amazon UK site right now shows that the top “mover and shaker” in the “Sports & Leisure” category is a folding shovel by Gelert. This forged steel shovel has a serrated edge for sawing- or for seriously ruining the day of some threatening rioter/looter.

In the past twenty-four hours, the sales rank of this folding shovel has skyrocketed 283,300 percent from 2,834 to number one in the sports and leisure category.

(Editor’s note: Bold added for emphasis)

283,300 percent? While this Gelert folding shovel is still available on the Amazon UK site, I couldn’t find it on the U.S. counterpart. The closest folding shovel I saw on our Amazon looked to be the Wenzel Tri-Fold Shovel– although Amazon customers are raving about the similar-in-function US Military Original Issue E-Tool Entrenching Shovel.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Sources:

Picket, Kerry. “Run On Gas Masks In Ferguson.” Breitbart.com. 18 Aug.2014. (http://www.breitbart.com/Big-Government/2014/08/18/Run-On-Gas-Masks-In-Ferguson). 19 Aug. 2014.

Spiering, Charlie. “Popular Gas Mask Sales Up 434 Percent On Amazon.” Breitbart.com. 19 Aug. 2014. (http://www.breitbart.com/Big-Government/2014/08/19/Popular-Gas-Mask-Sales-Up-434-Percent-On-Amazon). 19 Aug. 2014.

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