« Bobby Jindal: The GOP Can't Stay Stuck On Stupid | Main | Bobby Jindal: Hey, Let's Tax the Rich
Rand Paul: Hey, Let's Have an Amnesty
WSJ: Hey, Let's Have Gay Marriage »
November 13, 2012

Analyst: Stock Market Will Lose Another 20%, Even Assuming No Fiscal Cliff and No Greek Collapse

But we've got the free birth control pills. Those we definitely have. Those are pure profit. Just put that in the bank and smile about your winnings.

Everything else, though.... not so good.

“I don’t think markets are going down because of Greece, I don’t think markets are going down because of the ‘fiscal cliff’ — because there won’t be a ‘fiscal cliff,’ ” Faber told CNBC’s “Squawk Box.” “The market is going down because corporate profits will begin to disappoint, the global economy will hardly grow next year or even contract, and that is the reason why stocks, from the highs of September of 1,470 on the S&P, will drop at least 20 percent, in my view.”

...

Faber argued that the “fiscal cliff,” a rise in taxes and automatic spending cuts, would actually involve some minor tax increases in “five years’ time” and some spending cuts “in 100 years.”

...

Faber added: “In a democracy, they’re not going to take the pain, they’re going to kick down the problems and they’re going to get bigger and bigger.”


digg this
posted by Ace at 01:17 PM

| Access Comments




Recent Comments
Professor Chaos aka gumdrop gorilla: ">Help me stay strong...there are pastries and bage ..."

Roy: "You all can laugh at this, but umm, shouldn't the ..."

Jen the original: "I don't know what his eventual record will be but ..."

Barack Obama is a bad, bad man: "Was really galls me about that article is his easy ..."

willow: "banana splits guy, and the great unwashed potty ha ..."

Brother Cavil, #FireSessions: "[i]You all can laugh at this, but umm, shouldn't t ..."

Donna and V. (sans amepesands at the present time): "Congressscrunt Stupid Hats will continue to get re ..."

IrishEi: "Who is KWB? ..."

willow: "and as George was my first Republican vote. Boy ..."

geoffb: "125," It gets Blade Runner in ways that fans get ..."

Professor Chaos aka gumdrop gorilla: "360 >>>So this really is a thing, not just an urba ..."

Cicero (@cicero): "[i]"Candid, pragmatic, and always fascinating, Joh ..."

Recent Entries
Search


MuNuvians
Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
News/Chat
Archives
Powered by
Movable Type 2.64