see this excerpt from Barrons 2012 Roundtable - i always thought Marc Faber was a little nutty-- but now i don't think i can take him seriously
Gross: There is a new balance. Profits now account for a larger percentage of GDP than wages. Government and business have been advantaged relative to labor for a long, long time. That's what Occupy Wall Street is all about. Eventually this will reverse, not just in the U.S. but around the world.
Zulauf: Money-printing is splitting society. It is only a question of time until there is a social backlash. It will result in dramatic changes in the political arena, the economic agenda and the tax agenda. Corporate profits might not look like what we're expecting today.
Faber: On another optimistic note, World War III will occur in the next five years. That means the Middle East will blow up. New regimes there will be less Western-friendly. The West has also figured out it can't contain China, which is rising rapidly and will have more military and naval power in Southeast Asia. The only way for the West to contain China is to control the oil tap in the Middle East.
Is what he said really that crazy? I agree he's little out there on some issues but all signs point to a major war developing sometime in the not too distant future. We're about to attack Iran for Chist sakes.
I don't see anything nutty in the above statement. True, that WW3 talk is a bit bombastic, but in reality, we can't actually predict whether there will be a WW. I doubt that 5 years before WW1 people thought there would be such thing. The rest of what he said doesn't sound crazy at all.
Two Words: Nuclear Weapons
if we're trading a cds contract on the prospect of WW3 in the next 5 years i will hit all your bids
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