One added treat of this stock market collapse? More Faber!
Bloomberg got him on the horn once again at the end of last week – he chidingly applauded the Fed for not yet announcing QE3. Faber also believes Treasuries are a huge bubble, that “every responsible adult should own gold”, and that the technical setup for stocks is horrible.
At the end of the interview, he wondered whether something really bad is on the horizon – since the stock market, the best discounting mechanism on the planet – is throwing up right now.