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  <copyright>Copyright notice</copyright>
  <lastBuildDate>Thu, 1 Jul 2010 22:45:00 GMT</lastBuildDate>
<managingEditor>marc.faber@gloomboomdoom.com</managingEditor>
<webMaster>webmaster@gloomboomdoom.com</webMaster>




<item>
<title>One of the First Duties of the Investment Advisor is Educating the Masses not to Speculate</title>
<link>http://www.gloomboomdoom.com</link>
<description>
The same way people take far too many drugs, I feel that most investors take far too many risks - often with borrowed money - and fail to diversify sufficiently. Investors also have little patience, very short-term time horizons, and no tolerance for losses. Finally, their expectations about investment returns are completely unrealistic.
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<author>marc.faber@gloomboomdoom.com</author>
<pubDate>Thu, 1 Jul 2010 22:45:00 GMT</pubDate>
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<title>A Thing Long Expected Takes the Form of the Unexpected When at Last it Comes</title>
<link>http://www.gloomboomdoom.com</link>
<description>
Very short-term, stock markets around the world are extremely oversold, but they are not oversold from a longer-term perspective.
Over the last forty years I have lived through many bubbles and investment manias. In my opinion, gold isn't even in very early stages of a bubble.

I am also enclosing two additional reports: 
Murray Pollitt explains in simple and clear terms why gold is still an attractive investment. 
Alberto Desirelli touches on some sectors of the economy, like finance (it could also be the government) to cause a depletion of talents in other fields.
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<author>marc.faber@gloomboomdoom.com</author>
<pubDate>Mon, 31 May 2010 01:45:00 GMT</pubDate>
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<title> Interim Report: Sell Market Rebounds!</title>
<link>http://www.gloomboomdoom.com</link>
<description>
An Interim Stock Market Report!
A more important stock market top seems to have been made.
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<author>marc.faber@gloomboomdoom.com</author>
<pubDate>Sun, 9 May 2010 19:45:00 GMT</pubDate>
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<item>
<title>The Trouble With Socialism Is That Eventually Governments Run Out Of Other People's Money</title>
<link>http://www.gloomboomdoom.com</link>
<description>
For the first time in economic history, governments around the world are determined to first engage in a gradual and later accelerating mutual debasement of their currencies.
What are the investment implications?
I am also enclosing a report on Japan's fiscal position by Richard Wright.
Concerning the Greek crisis may I suggest to reread the February report entitled 'The Inescapable Debt Trap.'
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<author>marc.faber@gloomboomdoom.com</author>
<pubDate>Fri, 30 Apr 2010 10:30:00 GMT</pubDate>
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