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Thursday, December 17, 2015

You want good economic advice? Listen to Marc Faber

There are few economists that stay inside the right variance on economic assessment and prediction like Marc Faber. Or Dr. Doom:

Marc Faber: This is ‘precisely the wrong time’ for Fed to hike


http://www.cnbc.com/2015/12/15/marc-faber-this-is-precisely-the-wrong-time-for-fed-to-hike.html


Part of the reason the economy does badly is that people listen to the wrong analysis, that leads to the wrong advice, and then they make bad investments, or make bad decisions like when to raise interest rates.  Some people like Marc Faber and even apocalyptic doomsayer Max Keiser are really the only sane people in the room.