Marc Faber: Another financial crisis in my lifetime

Marc Faber, or the more famous under the nickname "Dr. Doom" analyst, has made another scary warning for investors. According to him, we will see another financial crisis within his life.
There are two possible options: either Faber expects to live long, or predicts that we may soon experience a new massive financial crisis.
One thing is certain, Faber is far more moderate in predicting massive crises then before. Normally, his forecasts were something like "be prepared next year for a new financial crisis".
Given the fact that he warned of this for three years, a time when the market has been steadily upward, apparently Faber has decided to change tactics.
Just a week ago, Fed leader Janet Yellen calmed down the market that we would not see a financial crisis similar to that of 2008 in our lives.
In an interview with CNBC, however, at the beginning of the week, Faber said: "I'm 71 and for sure in my lifetime, unless I have an accident tomorrow, I will see another financial crisis and a massive one".
Faber is particularly worried about the world's record debt levels.
"We have a colossal credit bubble in the world. Can it expand? Yes, but it cannot expand forever. One day there will be a limit and one day there will be another huge crisis because the debt level today is higher than it was in 2007", adds Faber.
Mr. Catastrophe warns of a serious decline in US indices and believes he has a "bubble everywhere".
Faber added that he was less bearish than what he was, and that's worrying.
Faber recommends international then the US stock markets.

The Big Short (2015)

While waiting for Brexit storm to pass, without having any opened positions, I've seen a spectacular movie and I want to share my impressions about it.

"The Big Short" is a wonderful semi-documentary tragicomedy about the causes of the financial crisis of 2007 and the people who cashed in on this crisis.

In 2005, the eccentric hedge fund manager Michael Berry (Christian Bale) is eyeing the US real estate market and discovers that he is on the verge of an unprecedented collapse. Since no one else notices, Barry realizes that this is a chance to earn huge money. So he invested almost all his fund money in bonds, which will be paid in the event of a market collapse. The news of this deal flies in New York, and while the majority of market participants to twist a finger at a temple, a few businessmen decide to conduct their own investigation and find out whether they also play on short.

The global crisis of 2007-2008 has brought to life an entire industry to explain what happened then in the American and world economy. Since the crisis was closely associated with the use of complex financial instruments, it could not explain the essence of few words, and the Internet and the media were filled with materials whose authors tried to explain on fingers puzzling acronyms like CDO. Someone did it better, and someone - worse, but by the time when the main wave of the crisis has subsided, all those who wanted to understand what had happened, did it.

«The Big Short» worth seeing. Not for predictable plot turns or for the sake of financial clarification, which can be found online for free, but for the sake of a powerful charge of emotion that the film authors have invested in «The Big Short». While their predecessors basically just tried to understand what had happened and put the crisis on the shelves, the creators of «The Big Short» seething resentment against all those who failed the world economy, and do not hesitate to express this rage. The film is literally bursting with righteous anger, and this anger is contagious, because it is played by bright actors (Christian Bale, Steve Carell, Brad Pitt, Ryan Gosling), filed vigorously and lucidly and convincingly justified.

I strongly recommend!