Wall St. For Main St., Released on 8/8/24

Marc worked at banks and on Wall St for decades before starting his famous paid newsletter. Marc has an absolutely outstanding track record for value investing and distressed asset investing in different asset classes including stocks, commodities, real estate, bonds and Bitcoin. During this 30+ minute interview, Marc talks about the drop in the 10 year US Treasury yield and Warren Buffett rapidly selling shares of Bank of America stock and going more into US Treasuries. Marc talks about why the Fed cutting rates will not help US commercial real estate (cash flow problem) and why US residential real estate may also have a problem soon. Because the Fed has kept rates relatively high for 2 years and the increased amount of Dollar denominated debt outside the US, Marc says that the global banking system and global financial system is at its most fragile point in history. We are currently seeing widespread selling because of margin calls on over leveraged trades. Marc expects interest rates to stay higher compared to the last few decades and only a few asset classes to do well. However, Marc expects continued record distortions in the real economy and asset markets because of bad central planning by tyrannical and despotic governments. To wrap up the show, Marc talks about buying distressed assets in Hong Kong real estate, South African gold and PGM miners and US natural gas producers along with why many non G7 central banks seem to be adding gold tonnage each month.

Over 200 articles (almost 250), audio podcasts & interviews with experts exclusive for Patrons with 84 new articles & audio podcasts out in the last 66 weeks! Plus, you are helping keep the free content free so it doesn’t all end up behind a paywall. One of the best deals in the research space for only $5 per month! Come and join the almost 900 Patrons chipping in each month over on Patreon behind the paywall! Go to Patreon dot com slash wallstformainst or http://www.patreon.com/wallstformainst

Dr. Marc Faber was born in Zurich, Switzerland and obtained a PhD in Economics at the University of Zurich. Between 1970 and 1978, Dr. Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In 1990, he set up his own business, Marc Faber Limited which acts as an investment advisor and fund manager. Dr. Faber publishes a widely read monthly investment newsletter, “The Gloom Boom & Doom Report,” which highlights unusual investment opportunities, and is the author of several books including Tomorrow’s Gold: Asia’s age of discovery which was a best seller on Amazon. Dr. Faber is known for his “contrarian” investment approach and charismatic personality. He became infamous after calling the 1987 crash in US equities.

Jason Burack is an investor, entrepreneur, financial historian, Austrian School economist, and contrarian. Jason co-founded the startup financial education company Wall St for Main St, LLC, to try to help the people of Main Street by teaching them the knowledge, skills, research methods, and investing expertise of Wall Street. You can also find Jason’s work at his blog website at www.jasonburack.com.

  economy, investing