Marc Faber Says U.S. Credit Losses May Total $5 Trillion: Video
Sept. 26 (Bloomberg) -- Marc Faber, managing director of Marc Faber Ltd. and publisher of the ``Gloom, Boom & Doom Report'' newsletter, talks with Bloomberg's Jeremy Naylor from Hong Kong about the U.S. government's $700 billion bank rescue plan, the outlook for emerging-market economies and his investment strategy. (Source: Bloomberg)
00:00 Banks bailout, executive compensation 01:18 Sees U.S. credit losses closer to $5 trillion 02:54 Banks rescue should be modeled on AIG bailout 03:53 "Best medicine" is to let some companies fail 04:57 Stocks may rally until March after bailout 06:09 Dollar "quite attractive"; interest rates 08:13 Comparison to late 1990s Japan crisis 09:19 Commodities outlook, investment in gold 11:09 Expects emerging economies to "suffer badly"
Running time 12:14
Last Updated: September 26, 2008 05:27 EDT
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