U.S. Inflation to Approach Zimbabwe Level, Faber Says

[gobears]

Re: U.S. Inflation to Approach Zimbabwe Level, Faber Says

That comment by Faber really surprised me. I think he is a good market observer and one of the best at picking up short-term trends, but USA approaching Zimb? Sorry, if I have to choose between being scared to death (because I used to trust Faber), or conclude he is losing his credibility (at least with me), I will go with loss of credibility. My faith in Faber just got cut in half, if not more. He is no longer on my top 5 trusted list (EJ has the #1 spot).

[metalman]

Re: U.S. Inflation to Approach Zimbabwe Level, Faber Says

The only thing that disturbs me is that Faber's suggestion here begins to meet Gerald Celente, out there in the twilight zone. The fact their suggestions begin to overlap is what makes me get a cold sweat.

that's what i mean... you nailed it. he's turning celente on us.

that happens when you make doom predictions :eek:, then get heaps of press attention when the shit hits the fan , then the tv people stop calling you 'cause flying shit ain't news anymore , so... crank it up! :eek::eek::eek: make more and more dire and drastic predictions :eek::eek::eek::eek::eek::eek::eek::eek::eek:. cnbc/fox/bloomberg keeps coming back for more tape of celente & faber... until they run outa new material like peter schiff.

until then.... crank it up!!!

[BadJuju]

Re: U.S. Inflation to Approach Zimbabwe Level, Faber Says

While I generally remain hush on the topic of economics due to my inexperience with the subject, I do feel inclined to comment on this piece. While Faber has some laudable credentials, this particular remark of his has cast his plausibility as a market forecaster into doubt. It is a very bold claim seemingly made more for bombast than for market clarity. While I cannot dismiss it, especially in light of the inane maneuvers on part of the government, it is not something I am going to muse over in the night.

[rogermexico]

Re: U.S. Inflation to Approach Zimbabwe Level, Faber Says

While I generally remain hush on the topic of economics due to my inexperience with the subject, I do feel inclined to comment on this piece. While Faber has some laudable credentials, this particular remark of his has cast his plausibility as a market forecaster into doubt. It is a very bold claim seemingly made more for bombast than for market clarity. While I cannot dismiss it, especially in light of the inane maneuvers on part of the government, it is not something I am going to muse over in the night.

Well said, and after hearing the clip I think he was just being bombastic.
Nevertheless, even EJ has entertained the hyper scenario.

[metalman]

Re: U.S. Inflation to Approach Zimbabwe Level, Faber Says

Well said, and after hearing the clip I think he was just being bombastic.
Nevertheless, even EJ has entertained the hyper scenario.

no bravado... but a bottle of scotch! (think i'll have me some)

Hyperinflation case revisited: Will we complete the trip?

[rogermexico]

Re: U.S. Inflation to Approach Zimbabwe Level, Faber Says

no bravado... but a bottle of scotch! (think i'll have me some)

Hyperinflation case revisited: Will we complete the trip?

My fave:

Snapshot 2009-05-28 00-00-26.jpg

[marvenger]

Re: U.S. Inflation to Approach Zimbabwe Level, Faber Says

[marvenger]

Re: U.S. Inflation to Approach Zimbabwe Level, Faber Says

I'm seeing a whole heap of code, is that what everyone else sees?

[FRED]

Re: U.S. Inflation to Approach Zimbabwe Level, Faber Says

I'm seeing a whole heap of code, is that what everyone else sees?

Make sure you cut and paste the entire line of embed code bracketed by the object tags.

[marvenger]

Re: U.S. Inflation to Approach Zimbabwe Level, Faber Says

cheers Fred

[BadJuju]

Re: U.S. Inflation to Approach Zimbabwe Level, Faber Says

Well said, and after hearing the clip I think he was just being bombastic.
Nevertheless, even EJ has entertained the hyper scenario.

Thank you, sir!

I am not very familiar with the mechanics of hyperinflation. I only understand the rudiments of how it manifests itself. I can only imagine that at some point, if the government does not reverse course, that inflation will slip into positive feedback mode. In the event of that occurring, hyperinflation will be a definite reality.

The question, I suppose, is what the trigger will be for that positive feedback event. Will it gradually occur or will it suddenly occur without much warning? Right now, I feel like I am a crash test dummy hurtling 100 mph towards a wall; however, I am not an inanimate doll and this is not some method of calibrating the economy for future impacts.

[Raz]

Re: U.S. Inflation to Approach Zimbabwe Level, Faber Says

that's what i mean... you nailed it. he's turning celente on us.

that happens when you make doom predictions :eek:, then get heaps of press attention when the shit hits the fan , then the tv people stop calling you 'cause flying shit ain't news anymore , so... crank it up! :eek::eek::eek: make more and more dire and drastic predictions :eek::eek::eek::eek::eek::eek::eek::eek::eek:. cnbc/fox/bloomberg keeps coming back for more tape of celente & faber... until they run outa new material like peter schiff.

until then.... crank it up!!!

Show business has infected everything and everybody.

Our government has gone from being a drama series (Reagan and prior) to a comedy series (Clintoon) to a dark comedy (George W. Dumbass) and is now moving from that into a straight horror film.

[BadJuju]

Re: U.S. Inflation to Approach Zimbabwe Level, Faber Says

Show business has infected everything and everybody.

Our government has gone from being a drama series (Reagan and prior)

Reagan and Pryor. ;)

[ThePythonicCow]

Re: U.S. Inflation to Approach Zimbabwe Level, Faber Says

I'm seeing a whole heap of code, is that what everyone else sees?

Ouch -- one knows one is a geek when one reads the code as quickly as one reads the picture of that singer.

[audrey_girl]

Re: U.S. Inflation to Approach Zimbabwe Level, Faber Says

Thank you, sir!

I am not very familiar with the mechanics of hyperinflation. I only understand the rudiments of how it manifests itself. I can only imagine that at some point, if the government does not reverse course, that inflation will slip into positive feedback mode. In the event of that occurring, hyperinflation will be a definite reality.

The question, I suppose, is what the trigger will be for that positive feedback event. Will it gradually occur or will it suddenly occur without much warning? Right now, I feel like I am a crash test dummy hurtling 100 mph towards a wall; however, I am not an inanimate doll and this is not some method of calibrating the economy for future impacts.

read it and weep:

http://mises.org/resources/4016

seriously, one of the best works I have read on the subject

regards -

ag