unfortunately, he's calling for a continued strengthening of the dollar. as is jim rogers.

typical cnbc pundits i try to ignore, but its hard to dismiss the likes of faber and rogers.

on the other hand...

rogers is famous for saying he's a bad timer and that he's not that smart (see recent bloomberg interviews). let's hope he's being seasonally idiotic, like gold and silver.

and faber has told us to buy japan (wrong), argentinean farmland (wrong), thailand (going through revolution) and vietnam (no comment).

come to think of it, i'm starting to wonder why i read faber...

anyway, i see rate cuts and treasury purchases of mortgages in the not too distant future. i also see a dollar rally that's a bit stretched.

whether the inflationary forces of cheap money and money printing are powerful enough to overcome the deflationary forces of a credit contraction remains to be seen...

i do think jp is wrong in general about the commodities bull market continuing into next year.