Marc Faber Quotes

Never before in modern times has so much of the world been simultaneously hit by a confluence of economic and financial turmoil such as we are now living through.

What we know about the global financial crisis is that we don't know very much.

Some things never change - there will be another crisis, and its impact will be felt by the financial markets.

The current financial crisis in the US is likely to be judged in retrospect as the most wrenching since the end of the Second World War.

In 2008, when the global financial crisis struck, it was a bad year for a lot of developing countries, and it manifested itself in consumer confidence.

I think when the bottom started to drop out, we didn't recognize it.

I'd be kidding if I said that I predicted the financial collapse.

Rarely in modern times has there been such a revolution in commercial sentiment as occurred in 2008, or such a display in government and business of panic and helplessness.

The financial crisis that began in the summer of 2007 was an extraordinarily complex event with multiple causes.

Banks wont even loan each other money, everybody's going broke, and here we are inside here, these people are going to be out on the street selling apples and pencils and they're still going to be buying paintings for this money, so I don't know what's going on in this world.

The European economy is collapsing! The trans-Atlantic region is a disaster area in terms of economy.

We are taking a greater chance of having another crash at a time when the world is less capable of bearing the cost.

In truth, in the fairy-tale version of bailing out Lehman, the next domino, A.I.G., would have fallen even harder. If the politics of bailing out Lehman were bad, the politics of bailing out A.I.G. would have been worse. And the systemic risk that a failure of A.I.G. posed was orders of magnitude greater than Lehman's collapse.

I think the producers, for the most part, don't want to see prices skyrocket because that will only create problems for them down the road and would also be a, you know, would be a very serious shock for a world economy that can't afford serious shocks right now.

I was lucky enough to see with my own eyes the recent stock-market crash, where they lost several million dollars, a rabble of dead money that went sliding off into the sea.

In September 2008, the overleveraged and undermanaged U.S. banking system suffered a terrifying collapse. And that, in turn, nearly took the whole country down.

We say, 'The market plummets,' like it's some roaring creature.

After 1929, so many people had been traumatized by the stock market crash that there was a lost generation.

Turkey is widely envied while there are very serious troubles in the world economy.

The global financial crisis - missed by most analysts - shows that most forecasters are poor at pricing in economic/financial risks, let alone geopolitical ones.

An attack on the scale of Sept. 11 would rock the markets and the economy.

In 2009, at the height of the global economic crisis, it was clear that we were seeing something new: the impacts of the crisis were flowing across borders at unprecedented velocity.

How much would you pay to avoid a second Depression?

We are inheriting the worst financial system since the Depression. We're inheriting a situation - when people go back and study major banking crises a quarter century from now, the one that America developed in 2007 and 2008 is going to be one of those crises.

Economic and financial crisis are getting much more usual, and they are not confined to a given country but they immediately spread all over the world, and you have to be prepared for that.