actually, faber is an austrian economist he is influenced by Hayek In his day he was Keynes' main opponent Keynes proposed governments going into deficit and government spending Hayek emphasised raising productivity, the free market and putting money away for rainy day.
governments can only get elected if they appear to be giving people something for nothing Keynes ended up winning the battle.
as a result faber, a follower of Hayek can only the economic system as it stands today ie one based on keynes as one in decline that is why he is always bearish. His dream is for governments that have adopted keynes going broke. So far he is beginning to see it happen - Greece, Italy, Ireland, Portugal and eventually the US He is not being bearish for the sake of being bearish. It is lot more than He looks a the economies from a different perspective. I reckon in the fight between keynes and Hayek, Hayek looks like he is winning
