"where can I hear it online"Here's a summary I made and posted...

"where can I hear it online"

Here's a summary I made and posted on another thread (in case you missed it)

Faber reckons:

Word markets oversold - rebound in short term only natural;

Could be worse ahead;

Critical of Gordon Brown and his ability to 'fix' things;

Can govts. esp. British govt. run banks? - Faber thinks not.

Banks too big to fail and too big to save - ripple effect thru financial system. Countries that bail out the banking system run the risk of getting into financial trouble themselves;

He has no sympathy for banks in trouble thru dodgy lending practices that cause the mess;

Time bombs waiting to explode relate to derivatives market;

1 trillion dollar deficits annually in the USA predicted by Faber;

Loaths Gordon Brown and Greenspan - the money printers who created the mess and helped cause asset bubbles;

Sees a housing asset bubble in Australia ... thinks things will get worse in Australia ... Asian ecomonies will be affected by US downturn ... which affects resource based economies like Australia .... demand for commodities will collapse in a recessionary environment;

Major correction in Australian housing will eventuate ... will take time to unfold ...

Pretty gloomy stuff.