Thursday, November 29, 2012

Marc Faber: The Market is going down because corporate profits will begin to disappoint

Marc Faber: The Market is going down because corporate profits will begin to disappoint

Appreciating that markets are in an unprecedented bear market; the biggest question for investors is what strategy to take? Pending shortages in key raw materials combined with the implications of peak oil, do not provide the footing for sustainable growth of any sort. Our investment strategy is scarcity based. Countries, currencies, populations and hard asset mixes create a new investment calculus; recognizing the existential economic of global decline - the negative sum game that is contrary to the delusional neo-classical economic view.

In the end,  REAL corporate profits can only shrink under the weight pushing national GDPs lower. Such outcomes drive the War of Economic Attrition.

Dr Peter G Kinesa
November 29, 2012 

A Fight to the End
 
 

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