Marc Faber was interviewed by CNBC yesterday. The interview was similar to his Bloomberg interview earlier in the day. The video and summary are posted below.

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Jim Rogers was interviewed by ABC News Australia on 5/8/11. He spoke about commodities, currencies and the global debt crises. See below for the video and summary.

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Marc Faber was interviewed by Bloomberg Tv earlier today. Basically, he doesn’t think that the current down-leg in markets is a ‘major sell-off’, however he does think that ‘as of today, markets are extremely oversold’. See below for the video & summary.

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As mentioned in our June 2011 newsletter, we have been bearish on the Russian Federation for several months now. This view was tentatively corroborated a few weeks back by the revelation of folly in the Russian banking system. Now that poor manufacturing numbers have been released for July, we’re confident that this trend is far from over.

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Marc Faber was interviewed on CNBC yesterday. He had some interesting thoughts on China, geopolitical trends, gold, equities, bonds and cash. See below for the video and summary.

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An amusing little story accompanied the news that a plan has been made to raise the US debt ceiling. John Carney of CNBC.com reported that:

 

I just got off the phone with a source on Capitol Hill who has spent the past few days trying to convince Republicans to vote for a debt ceiling hike.

 

He told me that the biggest obstacle he faces has been “market complacency.”

 

“Frankly, a bit of panic would be very helpful right now,” he said. [Emphasis Added]

 

As usual, these theatrics seem to be a case of planner vs market and, as usual, the market seems to be alluding the planners…

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A few weeks back, we mentioned that ’we would embrace [a short-term higher high in the dollar index] as an opportunity to take part on the long-side‘. The dollar index has come under some pressure over the past week, so just in case any of our readers were wondering if we’ve changed our minds completely, I thought I’d highlight why we’re sticking to our long dollar position for now (even though the immediate price action hasn’t corroborated this view yet). In the process of outlining our view, I’ll go over our philosophy on currency speculation and consider the breaking correlation between the dollar price of the Euro and the dollar price of gold.

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