저자: MarcFaber · 외국인
요약 보기
마크 페이버는 현재 주식시장이 인위적으로 부풀려져 있으며 2017년 기준 주가 상승세가 약화되고 있다고 경고한다. 시장 상태: 신고가 종목 수 등 시장 폭이 이전보다 약하고 과매수 상태이나 1987년만큼은 아니다. 다만 밸류에이션은 1987년보다 더 고평가되어 있고 현금 비중은 매우 낮으며 낙관론은 매우 높다. 1987년과의 차이: 미 연방정부 부채 대비 GDP 비율과 연금 미적립 부채가 크게 늘어났다. 주가가 떨어지면 연금 부족분이 더 커져 정부가 돈을 찍어야 할 수 있다고 본다. 유동성: 유럽·일본 국채 시장은 인위적으로 조작되어 있으며, 금리 하락만으로는 시장을 더 떠받치기 어렵고 화폐 발행이 필요하다고 주장한다. 약세장 조건: 약세장은 단일 사건이 아니라 신뢰 상실과 투자자 패닉 매도가 겹칠 때 발생한다. 옐런 연준 의장이 경기 둔화나 자산시장 하락 시 완화에 나설 수 있다고 언급한 점을 짚는다. 자산 버블 리스크: 현재 자산시장은 과거보다 덜 과매수이지만 곳곳에 버블이 있으며, 각 버블마다 대규모 사기 사례가 있다고 경고한다. 출연자 논란: 과거 정치적으로 부적절한 발언으로 인종차별 논란이 제기된 데 대해 페이버는 인종차별 이력이 없다고 강하게 부인한다. 출연자 전망: 페이버는 단기 방향은 예측하기 어렵다고 보면서도 현금 비중이 낮고 낙관이 높아 시장이 취약하다고 평가한다.
다듬은 글
it's incredibly inflated and artificially manipulated Marc Faber legendary investor dr. Marc Faber called the precise bottom of the current bull market in March 2009 what does he say today about the record high stock markets dr. Faber contends the advance / decline is not quite as strong as before the list of new highs is not as strong as before and we are overbought we are not as overbought as in 1987 but we are more overvalued than in 1987 in 1987 we did not have the unfunded pension fund liabilities debt-to-gdp in 1987 was still relatively low it did go up under President Reagan but now it is in the sky in particular and I have to point this out we have incredibly inflated and artificially manipulated European and Japanese sovereign bond markets I don t think the market will be supported much longer from a decline in interest rates they can be supported by money printing that we have to see dr faber goes on to say it s difficult to tell if the market will peek out tomorrow but it seems to me the cash positions are very low and the level of optimism is very high another big difference between the market today and that of the 1987 crash is unfunded pensions dr.
Faber who holds a PhD in economics says the unfunded liabilities have gone up they did not go down so if in rising asset markets the pension funds unfunded liabilities go up can you imagine what will happen when markets fall so they will have to print money bear markets do not occur just because of one event it asks a series of circumstances that lead to a loss of confidence with people exiting markets and then with people exiting markets in a panic fed head Janet Yellen said if conditions would warrant for their measures the Fed would take for their measures so she Yellen said if the Fed thought the economy was weakening or their beloved asset markets go down then she may again ease and introduce key for money printing out of thinner in today s situation the asset market is less overbought but the asset doubles are everywhere each double has fraud cases and I mean massive fraud that asked the characteristic of each devil there is fraud dr faber will also talk about recent accusations that he is racist because of some politically incorrect comments he made on his popular gloom boom and doom report dr.
Faber says he has no history of racism and he adamantly denies this charge dr. Faber says in my view I am about as kids I don t think the market will be supported much longer from a decline in interest rates they can be supported by money printing that we have to see dr faber goes on to say it s difficult to tell if the market will peek out tomorrow but it seems to me the cash positions are very low and the level of optimism is very high another big difference between the market today and that of the 1987 crash is unfunded pensions dr.
Faber said if conditions would warrant for their measures the Fed would take for their measures so she Yellen said if the Fed thought the economy was weakening or their beloved asset markets go down then she may again ease and introduce key for money printing out of thinner in today s situation the asset market is less overbought but the asset doubles are everywhere each double has fraud cases and I mean massive fraud that s the characteristic of each devil there is incredibly inflated and artificially manipulated Marc Faber legendary investor dr.
Marc Weber called the precise bottom of the current bull market in March 2009 what does he say today about the record high stock markets dr. Faber contends the advanced / decline is not quite as strong as before the list of new highs is not as strong as before and we holds a PhD in economics says the unfunded liabilities have gone up they did not go down so if in rising asset markets the pension funds unfunded liabilities go up can you imagine what will happen when markets fall so they will have to print money bear markets do not occur just because of one event it asks a series of circumstances that lead to a loss of confidence with people exiting markets and then with people exiting markets in a panic Fed head Janet Yellen dr overbought we are not as overbought as in 1987 but we are more overvalued than in 1987 in 1987 we did not have the unfunded pension fund liabilities debt to GDP in 1987 was still relatively low it did go up under President Reagan now it is in the sky in particular and I have to point this out we have incredibly inflated and artificially manipulated European and Japanese sovereign bond mark
Comments 0