Top guns share common belief.... Faux economy recovery

[virus]

Peter Schiff: More low-paying jobs can’t help economic recovery
October 10, 2014 By Andrew Moran Leave a Comment

The Obama administration, economists and the market were celebrating this week when it was revealed that the national unemployment rate dipped below six percent and the economy created a large amount of jobs. However, the problem with this data is that a substantial chunk of these jobs were part-time, low-paying jobs, something that has been ignored by much of the mainstream media.

Peter Schiff, president of Euro Pacific Capital, thinks this isn’t aiding the economic recovery.

 

[virus]

Marc Faber: “I Don’t Believe The Global Economy Is Healing”
by VW StaffOctober 11, 2014, 7:28 pm

Gloom Boom & Doom Report Editor Marc Faber spoke with FOX Business Network’s (FBN) Maria Bartiromo about the global economy saying, “Europe is not recovering and in fact it is slowing down.” Faber went on to say, “In Asia and in other emerging economies we have a very meaningful slowdown in economic activity” and that “I don’t believe that the global economy is healing.” When asked about Japan Faber said, “my sense is that Abenomics is a complete disaster”

Marc Faber on the global economy:

“Well I think it’s quite funny because everywhere you go, up to a little while ago, there was great optimism about this recovering the global economy when in fact Europe is not recovering and in fact it is slowing down. In Asia and in other emerging economies we have a very meaningful slowdown in economic activity. I wouldn’t call all the emerging economies being in recession yet, but it’s just very little growth in present time in real terms and in some cases it has been a downturn, a meaningful downturn, like say in retail sales in Hong Kong or in Singapore…so I don’t believe that the global economy is healing, all that was in the context of massive interventions with fiscal and monetary measures by the authorizes.”
Marc Faber on Japan’s Abenomics:

“My sense is that Abenomics is a complete disaster in the sense that the cost of living – because Japan imports a lot of goods and as the Yen weakens these costs have been going up far more than wages and so real incomes are down.”
Marc Faber on his recommendations to get global economy back on track:

“Well basically it’s very simple as long as governments intervene into the private sector, the free market, and as you know, the U.S. is not yet that bad. But say from 1930 government spending as a percent of the economy has gone from 7.8 percent to now over 41 percent. It compares favorably with France which is now at 57 percent, but the bigger the government is, the less dynamic the economy can be and the less gross there will be. But the governments don’t see that way.”
Marc Faber on Hong Kong:

“Well basically we have these student demonstrations. In my view it is less about democracy and more about the chief executive of Hong Kong being very unpopular with young people and also with other people in Hong Kong. And it is also a social background in the sense that Hong Kong became very prosperous between 1950 and about 10 years ago. Years in which GDP per capita increased enormously and over the last 10-15 years real in other words inflation adjusted per capita incomes have been declining…I believe the outcome will be some sort of compromise where by the chief executive would probably resign.”


http://www.valuewalk.com/2014/10/marc-faber-global-economy/

 

[virus]

Follow Futures
Jim Rogers: A lot of Americans are being ruined

By Jeff Joseph

October 9, 2014 • Reprints

Legendary investor and market contrarian Jim Rogers told Futures magazine Editor-in-Chief Dan Collins that the current zero-interest rate environment is destroying economic opportunity for many across America, and he denounced the economic policies which prevent wage earners from gaining interest on their savings.

“A lot of people are being ruined,” Rogers stated in an interview in the October issue of Futures magazine.

“Any pension plans, endowments, etc., are suffering because they invest for the futures and are finding that their situation has gotten worse," he says. "We are doing this at the expense of people who save and invest. We are doing it to bail out the people who borrowed huge amounts of money. The consequences are already being felt.”

An outspoken critic of the Federal Reserve Board’s policies and of government deficit spending, Rogers was unapologetic in his oppostion to bailouts.

“We have gone in and taken the assets away from the competent people, given them to the incompetent people and said to the incompetent people, 'Now you compete with the competent people with their money,'” he says. “It’s absurd.”

In the interview, Rogers also boldly predicts that North Korea and South Korea will merge within the next five years. According to Rogers, a unified Korea will create “the most exciting country in the world for a decade or two.”

Rogers explains that the current North Korean leader has a different view of the world than his father and grandfather due to his upbringing in Switzerland. He also said the combination of cheap, educated labor in North Korea would be a boon for Eastern markets.

“If I could put all of my money in North Korea, I would,” he revealed, conceding that current laws prevent American citizens from investing in the nation today.

The interview, which also covers his take on Bitcoin, the dollar’s status as the world’s reserve currency and the timing of the next credit event, is now available to subscribers and will be released online on Oct. 10.


http://www.futuresmag.com/2014/10/09/jim-rogers-a-lot-of-americans-are-being-ruined

same for low interest on CPF and withholding bullshit MS .. ruining singaporeans.

 

[babuSingh]

Will only take their comments with a pinch of salt.....these ang moh cant even save their own countries now they wanna act soothsayers? Good luck to them