Gloom, Boom & Doom report editor Marc Faber last week cast doubt on the effectiveness of the coordinated interest-rate cuts by international central banks. He said “artificially low interest rates” were the main cause of the credit-market turmoil in the first place. Mr. Market may have different ideas. Stocks are way up today.

The bankruptcy of Lehman Brothers (NYSE:LEH) is “quite favorable,” says Gloom, Boom & Doom Report publisher Marc Faber.

“The air will be clean within the next one month and we can get a fairly good rebound starting from the middle of October until the spring of next year,” he said in a Bloomberg Television interview.

Faber also warns that AIG (NYSE:AIG) may be a “much bigger problem” than Lehman…

With all the recent downturns in the markets, many investors aren’t sure where to put their money. Dr. Marc Faber, however, sees a light - albeit, a dim light - at the end of the tunnel, and offers some advice.

In the conclusion of this two-part essay, Dr. Marc Faber discusses what America needs to do to truly fix its energy consumption problem - a long-term solution, not a temporary Band-Aid.

With crude oil prices climbing above $117 a barrel investors are looking for oil price predictions and gas price predictions that may give them clues about oil’s trajectory.

Marc Faber, author of the Gloom Boom & Doom Report, argues that a slowdown in the Chinese economy could put downward on oil prices.

“Let us assume that the unthinkable happens,” says Marc in The Daily Reckoning. “China’s economy slows down sharply, or even contracts – and there are reasons why it could.

The US, which most economists now agree is on the brink of recession, could be facing a slew of bank failures as a result of the ongoing credit crisis.

“We’re going to have some more bank failures that will come back more to historical norms and may go above that with time,” said John Dugan, the US comptroller of currency in an interview with the Financial Times. “That is a natural consequence of the economy going from historically exceptionally benign credit conditions to something that is more normal to something you would get in a downturn.”

Thinking the unthinkable…profiting from a vacuum in the news stream.Millions of causalities in the war between inflation and deflation, but no clear winner…emerging markets are now using more oil than the United States. Sad news from Zimbabwe…an updated version of The Demise of the Dollar and more!

Just how deep and how long will America’s recession be? This is the question raised in today’s Financial Times.

Will it be a V-shaped recession – short, shallow and followed by a rapid return to normal rates of growth? Will it be U-shaped, in which the initial downturn is followed by a protracted period of weak growth and a slow return to the trend rate? Or could it even be an L-shaped recession – with economic weakness lasting for many years, as in the US during the Great Depression or Japan in the 1990s?