Adam Taggart | Thoughtful Money, Released on 11/6/23
Macro & markets expert Dr. Marc Faber predicts that the “heavenly” returns the financial markets have delivered over the past 20+ years are now a relic of history. Marc explains to Thoughtful Money host Adam Taggart that, going forward, he expects a much more “disappointing” environment for investors over the coming decade. He warns this will happen at a time when the world will also see weakening economic growth, rising geopolitical threats, and mounting social unrest. Those who will fare best during this period will be those who position themselves and their money prudently now, in advance.
0:00 – Macroeconomic outlook and cost of living increases.
5:22 – Economic outlook with mixed signals
10:03 – Economic outlook and central bank policies
Part 1 (part 2 below)
Macro & markets expert Dr Marc Faber returns for Part 2 of this interview to explain his concerns why he sees democracy increasingly under threat around the world — and mostly from within. Sadly, he expects geopolitical competition, government overreach, and the diminished prospects of the masses to result in increasing deterioration of our democratic system. Social unrest and/or war may be the inevitable result.
Democracy, immigration, and neutrality with Marc Faber. (0:00)
Geopolitical risks and government control. (10:01)
Investing, resilience, and living a fulfilling life. (18:31)
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.
Adam Taggart is the Founder of Thoughtful Money. He is also Co-Founder and former President of Peak Prosperity. Adam is an experienced Silicon Valley internet executive and Stanford MBA. Prior to partnering with Chris Martenson (Adam was General Manager of our earlier site, ChrisMartenson.com), he was a Vice President at Yahoo!, a company he served for nine years. Before that, he did the ‘startup thing’ (mySimon.com, sold to CNET in 2001). As a fresh-faced graduate from Brown University in the early 1990s, Adam got a first-hand look at all that was broken with Wall Street as an investment banking analyst for Merrill Lynch. Most importantly, he’s a devoted husband and dad.