Marc Faber : I think to some extent, China is a bubble

Marc Faber I will be cautious about buying equity now

In an interview dated 19 February 2010 Jitendra Gupta of Business Standard asked Dr. Marc Faber the following questions (amongst others) regarding the so called Chinese Bubble and also how he sees the Indian Economy compared with that of China :

People are divided on whether China is a bubble or not. What are your thoughts?
I think to some extent, China is a bubble. Last year, total loans by Chinese banks increased by a quarter of the country’s gross domestic product. In addition, China has excess capacities across industries. Hence, I expect its economy to slow down considerably.

But, the bigger question is that, will it crash? To that my answer is, yes, that’s also possible. If you look at the economic history of the US from 1800 to 2000, they had lots of ups and downs caused by the financial crisis, Civil War, World War I, the Great Depression, and so on. I think there is a 99 per cent possibility that China will slow down considerably and a 30 per cent chance that it will crash.

If China slows, it will have a devastating impact on industrial commodity prices and on those who supply these.

What is your view on growth in India as compared to China. Which country holds more growth potential?
India’s long-term economic growth should be supported by its tremendously growing population. But, China is expected to slow down after the incredible economic growth it has registered in the last 25 years. Its 10 per cent GDP growth rate is not sustainable in the long run. India is yet to achieve long-set targets and, therefore, has a huge growth potential. For instance, infrastructure has not been put in place. Similarly, unlike China, the consumer market in India is not saturated.

Read Full Interview
Dr. Marc Faber also known as Dr Doom is an investment adviser, investment analyst and fund manager author and publisher of the Gloom Boom & Doom Report ,and the author of "Tomorrows Gold" . Dr Faber is known for his contrarian investment approach. Dr Marc Faber is associated with a variety of funds and is a member of the Board of Directors of numerous companies.
In 1987 he warned his clients to cash out before Black Monday on Wall Street. He made them handsome profits by forecasting the burst in the Japanese Bubble in 1990. He correctly predicted the collapse in US gaming stocks in 1993; and he foresaw the Asia-Pacific financial crisis of 1997/98 and the resulting global volatility. Dr Doom motto is "Follow the course opposite to custom and you will almost be right"
Mr. Faber is also the author of several books, including Tomorrow’s Gold – Asia’s Age of Discovery, and is a director of Ivanhoe Mines Ltd. , a mining firm focused on the Asia Pacific region. He is also an adviser to a number of private investment funds.

Marc Faber : China economy to fall down and will take down the US Stock Market

Marc Faber China's Economy to slow down considerably and will drag the US Market down 20%

Dr. Marc Faber editor and publisher of The Gloom, Boom & Doom Report was on CNBC by phone from Thailand this 17 Feb 2010 , he answered questions regarding the China's credit growth and economic slowdown and its implications on the US market : "The issue for 2010 is to what extent China will slow down " says Marc Faber "It certainly will slow down because the loan growth we had last year which was over a trillion dollar and generally actually accelerated to 200 billion dollars , in other words bank loans generally were rising at an annual rate of something like two and half trillion dollar on a GDP that is slightly over 4 trillion dollars , it is not sustainable in the long run and we have a lot of excess capacities in China in different industries and in particular in the real market , so credit growth will slow down and that obviousely will slow down the economy" Marc Faber explained
"I would not buy Chinese stocks here," Faber tells the Fast Money desk

"I would be careful of any asset that benefited greatly from the China boom in 2009 because (their earnings) are not sustainable" Faber added
Marc Faber expects the Dow and S&P “fall 20% from the January highs

Marc Faber : India is an exciting investment destination

Marc Faber Do not Ignore India

Given the country’s size and economic potential, says Marc Faber, investors who either have no exposure to India’s economy and vibrant corporate sector or are massively underweight on Indian stocks should gradually become more involved in this promising country.

Read Article...

Marc Faber : Ben Bernanke Policies benefited The Emerging Markets but were a Complete disaster for the US

Marc Faber on The Alex Jones 14 February 2010

Alex Jones welcomes dr. Marc Faber , investment analyst and entrepreneur, who publishes the the monthly investment newsletter The Gloom Boom & Doom

Dr. Marc Faber also known as Dr Doom is an investment adviser, investment analyst and fund manager author and publisher of the Gloom Boom & Doom Report ,and the author of "Tomorrows Gold" . Dr Faber is known for his contrarian investment approach. Dr Marc Faber is associated with a variety of funds and is a member of the Board of Directors of numerous companies.
In 1987 he warned his clients to cash out before Black Monday on Wall Street. He made them handsome profits by forecasting the burst in the Japanese Bubble in 1990. He correctly predicted the collapse in US gaming stocks in 1993; and he foresaw the Asia-Pacific financial crisis of 1997/98 and the resulting global volatility. Dr Doom motto is "Follow the course opposite to custom and you will almost be right"
Mr. Faber is also the author of several books, including Tomorrow’s Gold – Asia’s Age of Discovery, and is a director of Ivanhoe Mines Ltd. , a mining firm focused on the Asia Pacific region. He is also an adviser to a number of private investment funds.
Marc Faber is Managing Director of Marc Faber Ltd. | Hong Kong
“A man of the world…the Swiss-born, Hong Kong-based investor and provocateur thinks Uncle Sam’s penchant for printing money will lead to disaster. En route, however, certain Asian stocks, blue-chip techs and bombed-out resources shares just might double or triple. As for Treasuries, short ‘em.” His picks at the January 2009 Barron’s Roundtable: In Singapore – Fraser & Neave, United Overseas Bank, OCBC; in Hong Kong – Swire Pacific, Sun Hung Kai Properties; in Thailand – Bangkok Bank, Glow Energy; In India – Icici Bank, Infosys Technologies. Resource companies – Alcoa, Rio Tinto, BHP Billiton, Companhia Vale do Rio Doce, Freeport-McMoRan Copper & Gold, Xstrata. Tech stocks – Intel, Cisco Systems, Yahoo!, Oracle, Microsoft.
Dr. Marc Faber — An icon in the world of investments, Dr. Faber’s typically controversial and contrarian views have earned him the label of “Dr. Doom.” But even his harshest critics must sheepishly admit that he’s been unerringly correct in his market forecasts over the past three decades.

Marc Faber : Next World War will be Cyberwar You will better off in the countryside

China's Economy may Crash says Marc Faber Bloomberg Interview of 11 February 2010

Marc Faber Says China's Economy Will Slow, Hurt Commodities February 11 (Bloomberg)
Marc Faber, publisher of the "Gloom, Boom & Doom Report," talks with Bloomberg's Bernard Lo about the outlook for China's economy and commodities prices. Faber, speaking in Hong Kong, also discusses the U.S. economy, the debt crisis in Greece and the euro.


Dr. Marc Faber also known as Dr Doom is an investment adviser, investment analyst and fund manager author and publisher of the Gloom Boom & Doom Report ,and the author of "Tomorrows Gold" . Dr Faber is known for his contrarian investment approach. Dr Marc Faber is associated with a variety of funds and is a member of the Board of Directors of numerous companies.
In 1987 he warned his clients to cash out before Black Monday on Wall Street. He made them handsome profits by forecasting the burst in the Japanese Bubble in 1990. He correctly predicted the collapse in US gaming stocks in 1993; and he foresaw the Asia-Pacific financial crisis of 1997/98 and the resulting global volatility. Dr Doom motto is "Follow the course opposite to custom and you will almost be right"
Mr. Faber is also the author of several books, including Tomorrow’s Gold – Asia’s Age of Discovery, and is a director of Ivanhoe Mines Ltd. , a mining firm focused on the Asia Pacific region. He is also an adviser to a number of private investment funds.

Marc Faber Not only Greece , All Government will eventually Default on their debt including the US

The Emerging Economies are today much sounder in terms of Debt to GDP ratio than the developed world says Marc Faber

"We are in a correction phase and I expect this correction to go further" said Marc Faber
In an Interview today live on the phone from Hong Kong with CNBC , Marc Faber editor of the Gloom, Boom & Doom report said that he believes that eventually all government will default on their debt including the US , but with the exception of Singapore which has no debt and huge reserves "In the developed world we have huge debt to GDP, in terms of government debt to GDP and unfunded liabilities that will come due," "These unfunded liabilities are so huge that eventually these governments will all have to print money before they default." Marc Faber also said that he is relatively bullish on the stocks but not as much as he is bullish on precious metals..."The emerging economies are today much sounder in terms of debt to GDP than the developed world including the US Western Europe The UK and so forth so I think the problem will be really in the develloped world..."...
how Europe is handling the Greece situation, with Jon Levy, Eurasia Group and Marc Faber, Gloom, Boom & Doom Report

Dr. Marc Faber also known as Dr Doom is an investment adviser, investment analyst and fund manager author and publisher of the Gloom Boom & Doom Report ,and the author of "Tomorrows Gold" . Dr Faber is known for his contrarian investment approach. Dr Marc Faber is associated with a variety of funds and is a member of the Board of Directors of numerous companies.
In 1987 he warned his clients to cash out before Black Monday on Wall Street. He made them handsome profits by forecasting the burst in the Japanese Bubble in 1990. He correctly predicted the collapse in US gaming stocks in 1993; and he foresaw the Asia-Pacific financial crisis of 1997/98 and the resulting global volatility. Dr Doom motto is "Follow the course opposite to custom and you will almost be right"
Mr. Faber is also the author of several books, including Tomorrow’s Gold – Asia’s Age of Discovery, and is a director of Ivanhoe Mines Ltd. , a mining firm focused on the Asia Pacific region. He is also an adviser to a number of private investment funds.

Marc Faber vs. Timothy Geithner on U.S. AAA Credit Rating

Marc Faber, publisher of the Gloom, Boom & Doom Report said Treasuries would carry high-yield, high-risk ratings if the U.S. were a corporation. Faber, speaking on Bloomberg Television by telephone from Cambodia, said yesterday he takes issue with Treasury Secretary Timothy F. Geithner’s view that the U.S. will “never” lose its top-level debt rating. Geithner made his comment on ABC News on Feb. 7.
“I don’t think that anyone looks at the U.S. as the gold standard,” Marc Faber said.
Source Bloomberg

Treasury Secretary Timothy Geithner told ABC That U.S. Will Never Lose It's AAA Credit Rating

Marc Faber to Bloomberg U.S. Would Be Rated Junk if it was a Corporation

Dr. Marc Faber also known as Dr Doom is an investment adviser, investment analyst and fund manager author and publisher of the Gloom Boom & Doom Report ,and the author of "Tomorrows Gold" . Dr Faber is known for his contrarian investment approach. Dr Marc Faber is associated with a variety of funds and is a member of the Board of Directors of numerous companies.
In 1987 he warned his clients to cash out before Black Monday on Wall Street. He made them handsome profits by forecasting the burst in the Japanese Bubble in 1990. He correctly predicted the collapse in US gaming stocks in 1993; and he foresaw the Asia-Pacific financial crisis of 1997/98 and the resulting global volatility. Dr Doom motto is "Follow the course opposite to custom and you will almost be right"
Mr. Faber is also the author of several books, including Tomorrow’s Gold – Asia’s Age of Discovery, and is a director of Ivanhoe Mines Ltd. , a mining firm focused on the Asia Pacific region. He is also an adviser to a number of private investment funds.

Marc Faber The US has Reached its Zero Hour

Marc Faber U.S. Would Be Rated Junk if it was a Corporation

Dr. Marc Faber publisher of the Gloom Boom and Doom Report on the phone From Cambodia was interviewed by Bloomberg Television today 08 February 2010 : "If you add all the unfunded liabilities the US has in terms of future liabilities rising from medicare medicaid and social security then obviously if The US was a corporation it wouldn't be a Triple A but it would have bonds that are junk rated " says Dr. Marc Faber , "you would have asked yourself what the Federal Reserve were smoking because as they increased interest rates credit growth actually accelerated , so something had to be wrong ..." Dr. Marc Faber added

Marc Faber U.S. Would Be Rated Junk if it was a Corporation

Dr. Marc Faber also known as Dr Doom is an investment adviser, investment analyst and fund manager author and publisher of the Gloom Boom & Doom Report ,and the author of "Tomorrows Gold" . Dr Faber is known for his contrarian investment approach. Dr Marc Faber is associated with a variety of funds and is a member of the Board of Directors of numerous companies.
In 1987 he warned his clients to cash out before Black Monday on Wall Street. He made them handsome profits by forecasting the burst in the Japanese Bubble in 1990. He correctly predicted the collapse in US gaming stocks in 1993; and he foresaw the Asia-Pacific financial crisis of 1997/98 and the resulting global volatility. Dr Doom motto is "Follow the course opposite to custom and you will almost be right"
Mr. Faber is also the author of several books, including Tomorrow’s Gold – Asia’s Age of Discovery, and is a director of Ivanhoe Mines Ltd. , a mining firm focused on the Asia Pacific region. He is also an adviser to a number of private investment funds.

Marc Faber : The American Government looks after the Interests of Wall Street at the expense of the ordinary people

Marc Faber and Jim Rogers speak with the dutch VPRO TV about the economic crisis and how the American government rather than bailing out the people bails out the same bankers who created the crisis in the first place , the system should have been left cleansing itself by letting the big banks fail both the investment gurus Marc Faber and Jim Rogers seem to agree

America will go Bankrupt and will go to war Marc Faber from Moscow Russia

Marc Faber on US Bubble, 'worthless' dollar & Gold 'the Savior'

Marc Faber Says sure there are bubbles in China , but I prefer china's bubbles than the bubbles in the USA which will never going to be paid except with devalued dollars , "when i look at Obama Ben Bernanke and Gheithner one thing i will never do is to sell my Gold that's for sure " Faber says that sure we have corrections in the gold price , we already had 10% correction and we may have more corrections down the road , but at the speed the FED is printing money there is no other savior but GOLD....All the world will eventually go bankrupt except probably in the emerging economies......India Russia and China have no interests that the USA will succeed in Afghanistan so the war will go on and eventually will expand and when war breaks out the sky is the limit for commodity prices...we can go back to the gold standard but we have to revalue the gold price to something like one million dollar an ounce ...regarding oil Dr. Marc Faber says that to find a gallon of oil $50 dollars are needed , Faber pointed out that the gallon of oil is still a lot cheaper than a gallon of say Coca Cola , so which one is actually expensive and which one is cheap ?!?!
Marc Faber, author of Gloom Boom and Doom Report says many Western governments would eventually follow the US 'inevitable' default suit. Outspoken investor and writer Marc Faber doesn't give America much time before it goes bust.

America will go Bankrupt and will go to war Marc Faber from Moscow Russia

Marc Faber on Russian corporate bond yields at The Troika Dialog Russia Forum Moscow 03 February 2010

China and India will continue to grow despite the bubbles concerns says Marc Faber

Marc Faber, publisher of the Gloom, Boom & Doom Report was interviewed by Bloomberg's Ryan Chilcote about Russian corporate bond yields. Speaking at the Troika Dialog Russia Forum in Moscow, Faber also discusses U.S. stocks and the outlook for the Chinese and Indian economies , Marc Faber says that China could be in a bubble or at least some sectors are but he says "so what !" this is not going to stop it from growing , USA too was in a bubble had tghree wars the civil war the two world wars and yet the economy kept on growing . Hongkong also had all sorts of bubbles, nothing stopped it from growing , Marc Faber explained , China the same way as India will grow despite of the bubble concerns...

Marc Faber on Crude Oil Gold and Risky assets

Q: There has been another curious development these past few months, which is that gold has been rallying along with many of these so-called risky assets. Do you read it as a warning signal that gold has been around the USD 1,000/oz mark?

A: Basically to some extent it is a warning signal for central banks because since 2001 the price of gold has gone up four times and that should make central bankers think that there is some kind of inflation in the system. It may not be inflation in consumer prices, although as you know in India recently food prices went up by 15%. So, in general we are in an inflationary environment. We have in the US a central bank that purposely wants to lower the value of the US dollar in terms of its purchasing power and also wants to eliminate one of the functions a cash deposit has which is namely to be a store of value. So, we see an elimination of these conditions, I believe that a lot of people consider gold to be an alternative to cash as I do. Now can the price gold move down somewhat? Yes, of course but I think we have some support for gold prices as it moves down from Asian central banks that own very little gold.

Q: While gold and metals have had a pretty sharp rally, crude has actually not been moving with that much momentum. For crude prices how do you foresee the next couple of months shaping up?

A: We had a more than doubling of crude oil prices between December 28 of this year until recently from USD 32/bbl to over USD 70/bbl. A correction is possible in the order of 10-20% – that I don’t know but in the long run given the increased demand from emerging economies for oil and given the fact that every year we burn more oil than we add to reserves, I think that the fundamentals of oil for the long run are relatively favourable.
Via www.moneycontrol.com
Dr. Marc Faber also known as Dr Doom is an investment adviser, investment analyst and fund manager author and publisher of the Gloom Boom & Doom Report ,and the author of "Tomorrows Gold" . Dr Faber is known for his contrarian investment approach. Dr Marc Faber is associated with a variety of funds and is a member of the Board of Directors of numerous companies.
In 1987 he warned his clients to cash out before Black Monday on Wall Street. He made them handsome profits by forecasting the burst in the Japanese Bubble in 1990. He correctly predicted the collapse in US gaming stocks in 1993; and he foresaw the Asia-Pacific financial crisis of 1997/98 and the resulting global volatility. Dr Doom motto is "Follow the course opposite to custom and you will almost be right"
Mr. Faber is also the author of several books, including Tomorrow’s Gold – Asia’s Age of Discovery, and is a director of Ivanhoe Mines Ltd. , a mining firm focused on the Asia Pacific region. He is also an adviser to a number of private investment funds.

American Total Debt Bubble Threatens GDP

Barrons magazine annual Roundtable discussion of 2010

Barron's magazine printed the first part of its annual Roundtable discussion of 2010 this past week. We noticed that many of the participants were very concerned about the debt (mostly government debt while we think total debt is a much more useful metric). Marc Faber, in fact, talked about a 7,000 word New York Times article by Professor Paul Krugman. He stated that the article "How Did Economists Get It So Wrong?" never mentioned that excessive credit growth or leverage was the cause of monetary instability and brought about the financial crisis. Bill Gross stated that by lowering interest rates we promote consumption instead of manufacturing. Central bankers were forced to respond with liquidity to a problem that developed over the past 25 years. There was more discussion of credit growth (another way to say debt growth) in the macro analysis that is always presented in the first part of the three Barron's articles of the Roundtable. The amazing thing to us is that most of the roundtable participants understand the same problems we talk about almost every single week, yet are mostly very positive on the market for 2010.
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Marc Faber on Chinas Demand for Commodities

Marc Faber : "The demand from China will not vanish because China is a very user of commodities and certain commodities they don’t have a lot of such as iron ore, copper, crude oil. So, that demand will continue but it may not increase at the same rate as it’s increased in the seven-months and so there may be a slowdown in the demand which then would have a negative impact on prices and don’t forget in particular for the industrial commodities, global demand basically is still weak."


via moneycontrol.com


Dr. Marc Faber also known as Dr Doom is an investment adviser, investment analyst and fund manager author and publisher of the Gloom Boom & Doom Report ,and the author of "Tomorrows Gold" . Dr Faber is known for his contrarian investment approach. Dr Marc Faber is associated with a variety of funds and is a member of the Board of Directors of numerous companies.
In 1987 he warned his clients to cash out before Black Monday on Wall Street. He made them handsome profits by forecasting the burst in the Japanese Bubble in 1990. He correctly predicted the collapse in US gaming stocks in 1993; and he foresaw the Asia-Pacific financial crisis of 1997/98 and the resulting global volatility. Dr Doom motto is "Follow the course opposite to custom and you will almost be right"
Mr. Faber is also the author of several books, including Tomorrow’s Gold – Asia’s Age of Discovery, and is a director of Ivanhoe Mines Ltd. , a mining firm focused on the Asia Pacific region. He is also an adviser to a number of private investment funds.

Marc Faber Sees a Big Drop in Stocks Ahead

The Standard & Poor’s 500 Index may retreat 20 percent from a 15-month high because stocks are expensive given prospects for economic and profit growth, Marc Faber said.

“The market has become overbought,” Faber, who publishes the Gloom, Boom and Doom report, said in a phone interview from Switzerland. “There isn’t a meaningful improvement in the economy taking place. The economy may disappoint somewhat in the next few months. The statistics that are being published are very questionable. The economy has stabilized, but isn’t really expanding.”

Businessweek

Dr. Marc Faber also known as Dr Doom is an investment adviser, investment analyst and fund manager author and publisher of the Gloom Boom & Doom Report ,and the author of "Tomorrows Gold" . Dr Faber is known for his contrarian investment approach. Dr Marc Faber is associated with a variety of funds and is a member of the Board of Directors of numerous companies.
In 1987 he warned his clients to cash out before Black Monday on Wall Street. He made them handsome profits by forecasting the burst in the Japanese Bubble in 1990. He correctly predicted the collapse in US gaming stocks in 1993; and he foresaw the Asia-Pacific financial crisis of 1997/98 and the resulting global volatility. Dr Doom motto is "Follow the course opposite to custom and you will almost be right"
Mr. Faber is also the author of several books, including Tomorrow’s Gold – Asia’s Age of Discovery, and is a director of Ivanhoe Mines Ltd. , a mining firm focused on the Asia Pacific region. He is also an adviser to a number of private investment funds.

Marc Faber We are All Doomed

Also watch other today Marc Faber's CNBC Interviews First Interview Here and Second Interview Here

Speaking today on CNBC's Squawk Box Europe, Faber said: "Basically I think everybody will agree that in an economic system the market solves problems best."

"I don't have a very high opinion of Mr. Obama," Faber said, adding "I was negative of Mr. Bush but I think Mr. Obama makes him look like a genius."

The unintended consequence was that "the annual expenditures for oil in the US increased… you had another US$500 billion tax on the consumer. That pushed the consumer down even more in his reduction of consumption," Faber said.

"Most people don't have money left after the policies implemented in theUS," Faber said. "These people, they should all send a thank you note to Ben Bernanke for printing money because it didn't benefit the US, it benefited emerging countries."

"When someone tells me the government should regulate the banks, they shouldn't. It's a disaster. But they should have interest rates that are high, that curtail speculation," Faber said.


"The average family will be hurt by that, and then in order to distract the attention of the people, the US governments will go to war," he said.


"In my opinion it's beyond repair. If the US were a corporation and had proper accounting, they would be 'Triple C, ' nobody would buy their bonds ," Faber explained.

"I think that sovereign debt is priced to perfection, you assume they will pay with the exception of maybe Greece, but that is a tall assumption," Faber told CNBC

"Having said that, in the near term I think the dollar could rally because the others are no better, the others are worse," said Faber. "I think that the dollar will rally now against the euro and against the pound sterling and probably against the yen."



"Investors who rushed into government-guaranteed debts in 2008-2009 in the belief that AAA-rated governments would always pay the interest on their debts and repay the creditor in full upon maturity could be in for a rude awakening sometime in the next 5 to 10 years," Faber wrote in The Gloom Boom Doom Report

"So, whereas it was wise to own long-term US government bonds between 2000 and 2009, for the next 10 years I expect a massive outperformance of equities compared to bonds," he said.

"I think both the US markets and Japan this year might outperform emerging markets," he said..

"When you look at the US… it's a total disaster, we're all doomed, we're doomed," he said.

Dr Marc Faber is editor of the Gloom Boom & Doom Report and the author of "Tomorrows Gold".
Dr Faber is a contrarian. To be a good contrarian, you need to know what you are contrary about. It helps to be a world class economic historian, to have been a trader and managing director of Drexel Burnham Lambert when the firm was the junk bond king of Wall Street, to have lived in Hong Kong for a quarter of a century, and to have a contact book crammed with the home numbers of many of the movers and shakers in the financial world.

Famous for his approach to investing, Marc Faber does not run with the bulls or bait the bears but steers his own course through the maelstrom of international finance markets. In 1987 he warned his clients to cash out before Black Monday on Wall Street. He made them handsome profits by forecasting the burst in the Japanese Bubble in 1990. He correctly predicted the collapse in US gaming stocks in 1993; and he foresaw the Asia-Pacific financial crisis of 1997/98 and the resulting global volatility.

Marc Faber on prostitutes and beer and The US Economy

"The federal government is sending each of us a $600 rebate. If we spend that money at Wal-Mart, the money goes to China. If we spend it on gasoline it goes to the Arabs. If we buy a computer/Software it will go to India. If we purchase fruit and vegetables it will go to Mexico, Honduras and Guatemala. If we purchase a good car it will go to Germany. If we purchase useless crap it will go to Taiwan and none of it will help the American economy. The only way to keep that money here at home is to spend it on prostitutes and beer, since these are the only products still produced in US. I've been doing my part .
"
Dr. Marc Faber

Dr. Marc Faber also known as Dr Doom is an investment adviser, investment analyst and fund manager author and publisher of the Gloom Boom & Doom Report ,and the author of "Tomorrows Gold" . Dr Faber is known for his contrarian investment approach. Dr Marc Faber is associated with a variety of funds and is a member of the Board of Directors of numerous companies.
In 1987 he warned his clients to cash out before Black Monday on Wall Street. He made them handsome profits by forecasting the burst in the Japanese Bubble in 1990. He correctly predicted the collapse in US gaming stocks in 1993; and he foresaw the Asia-Pacific financial crisis of 1997/98 and the resulting global volatility. Dr Doom motto is "Follow the course opposite to custom and you will almost be right"
Mr. Faber is also the author of several books, including Tomorrow’s Gold – Asia’s Age of Discovery, and is a director of Ivanhoe Mines Ltd. , a mining firm focused on the Asia Pacific region. He is also an adviser to a number of private investment funds.

Marc Faber at The Barrons Roundtable : Commodities and Emerging Markets

Marc Faber at The Barron's Roundtable 23 January 2010

Marc Faber, managing director of Marc Faber Ltd and Barron's Roundtable member, anticipates meaningful market correction in 2010. Mining and agriculture will be top performers within commodity sector.




Dr. Marc Faber also known as Dr Doom is an investment adviser, investment analyst and fund manager author and publisher of the Gloom Boom & Doom Report ,and the author of "Tomorrows Gold" . Dr Faber is known for his contrarian investment approach. Dr Marc Faber is associated with a variety of funds and is a member of the Board of Directors of numerous companies.
In 1987 he warned his clients to cash out before Black Monday on Wall Street. He made them handsome profits by forecasting the burst in the Japanese Bubble in 1990. He correctly predicted the collapse in US gaming stocks in 1993; and he foresaw the Asia-Pacific financial crisis of 1997/98 and the resulting global volatility. Dr Doom motto is "Follow the course opposite to custom and you will almost be right"
Mr. Faber is also the author of several books, including Tomorrow’s Gold – Asia’s Age of Discovery, and is a director of Ivanhoe Mines Ltd. , a mining firm focused on the Asia Pacific region. He is also an adviser to a number of private investment funds.

Marc Faber S&P 500 May Drop 20% on Economic, Earnings Prospects

“The market has become overbought,” Marc Faberpublisher of the Gloom, Boom and Doom report, told Bloomberg in a phone interview from Davos Switzerland. “There isn’t a meaningful improvement in the economy taking place. The economy may disappoint somewhat in the next few months. The statistics that are being published are very questionable. The economy has stabilized, but isn’t really expanding.” Marc Faber said
“With unemployment staying at a relatively high level and with the revenue side being weak, I don’t think that corporate profits will be that great in 2010,” Faber said. “Basically, the profits have been boosted by aggressive cost-cutting. The revenue side of corporations is weak.”
Source www.Bloomberg.com

Marc Faber on The Alex Jones show 26 January 2010

Alex Jones hosts contrarian investment analyst and entrepreneur Marc Faber. Marc Faber publishes the monthly investment newsletter The Gloom Boom & Doom Report. On March 9 2009, he correctly predicted a U.S. stock market bottom.

Dr. Marc Faber also known as Dr Doom is an investment adviser, investment analyst and fund manager author and publisher of the Gloom Boom & Doom Report ,and the author of "Tomorrows Gold" . Dr Faber is known for his contrarian investment approach. Dr Marc Faber is associated with a variety of funds and is a member of the Board of Directors of numerous companies.
In 1987 he warned his clients to cash out before Black Monday on Wall Street. He made them handsome profits by forecasting the burst in the Japanese Bubble in 1990. He correctly predicted the collapse in US gaming stocks in 1993; and he foresaw the Asia-Pacific financial crisis of 1997/98 and the resulting global volatility. Dr Doom motto is "Follow the course opposite to custom and you will almost be right"
Mr. Faber is also the author of several books, including Tomorrow’s Gold – Asia’s Age of Discovery, and is a director of Ivanhoe Mines Ltd. , a mining firm focused on the Asia Pacific region. He is also an adviser to a number of private investment funds.

Bill Miller to Marc Faber No We are Not Doomed

In his quarterly market commentary, Legg Mason Capital Management’s Bill Miller today takes exception with the dire outlook of fellow pundit Marc Faber, as expressed in this weekend’s Barron’s Magazine:
Eyeing the deficits, Marc Faber in Barron’s this weekend concluded, “We are all doomed.” Well, maybe, but probably not this year, which ought to be a good one for stocks.
Read The Article here >>>

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Dr. Marc Faber also known as Dr Doom is an investment adviser, investment analyst and fund manager author and publisher of the Gloom Boom & Doom Report ,and the author of "Tomorrows Gold" . Dr Faber is known for his contrarian investment approach. Dr Marc Faber is associated with a variety of funds and is a member of the Board of Directors of numerous companies.
In 1987 he warned his clients to cash out before Black Monday on Wall Street. He made them handsome profits by forecasting the burst in the Japanese Bubble in 1990. He correctly predicted the collapse in US gaming stocks in 1993; and he foresaw the Asia-Pacific financial crisis of 1997/98 and the resulting global volatility. Dr Doom motto is "Follow the course opposite to custom and you will almost be right"
Mr. Faber is also the author of several books, including Tomorrow’s Gold – Asia’s Age of Discovery, and is a director of Ivanhoe Mines Ltd. , a mining firm focused on the Asia Pacific region. He is also an adviser to a number of private investment funds.

Marc Faber on Sovereign Debt Crisis and Bernankes Bubbles

"In some areas of the US, housing prices have been rising at almost 30% per annum in recent years and overall prices have doubled since 1997. The question, therefore, arises when this housing boom, which was fueled by ultra low interest rates and allowed people to refinance their homes, will come to an end. This is an important question because US consumption since year 2000 was not driven by capital spending and employment gains, but purely by asset inflation in the housing market, which allowed people to take out larger and larger mortgages and spend the additional funds (well understood, "borrowed funds") on consumer durables such as cars and consumer non-durables. Now, however, there is a problem with the housing market. If the US economy continues to strengthen, interest rates, which are negative in real terms, will have to rise considerably and this could lead - if not to a housing crash - so at least to a less buoyant market. In addition, as we can see from the figure below (courtesy of Bridgewater), the inventories of unsold homes are at a record. Therefore, should higher interest rates, driven by a stronger economy, lead to less home purchases by individuals, home-builders who are holding these inventories could get hurt quite badly"The Bubbles Mr. Greenspan has Created by Marc Faber Gloom Boom Doom Report

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Dr. Marc Faber also known as Dr Doom is an investment adviser, investment analyst and fund manager author and publisher of the Gloom Boom & Doom Report ,and the author of "Tomorrows Gold" . Dr Faber is known for his contrarian investment approach. Dr Marc Faber is associated with a variety of funds and is a member of the Board of Directors of numerous companies.
In 1987 he warned his clients to cash out before Black Monday on Wall Street. He made them handsome profits by forecasting the burst in the Japanese Bubble in 1990. He correctly predicted the collapse in US gaming stocks in 1993; and he foresaw the Asia-Pacific financial crisis of 1997/98 and the resulting global volatility. Dr Doom motto is "Follow the course opposite to custom and you will almost be right"
Mr. Faber is also the author of several books, including Tomorrow’s Gold – Asia’s Age of Discovery, and is a director of Ivanhoe Mines Ltd. , a mining firm focused on the Asia Pacific region. He is also an adviser to a number of private investment funds.

Marc Faber on the Debt Threat and the US UK Portugal Moody rating

Marc Faber: 'We're All Doomed'

Also watch other today Marc Faber's CNBC Interviews First Interview Here and Second Interview Here

"When you look at the US… it's a total disaster, we're all doomed, we're doomed!" Marc Faber, author of the "Gloom, Doom and Boom Report," told CNBC Friday. Faber and Anthony Thomas from Moody's discuss the global economic outlook.
" in the near term I think the dollar could rally because the others are no better, the others are worse," said Marc Faber. "I think that the dollar will rally now against the euro and against the pound sterling and probably against the yen."

The price of gold is likely to hover between $950 an ounce and $1050, he said, adding: "I doubt we'll go below 1,000."

Dr. Marc Faber also known as Dr Doom is an investment adviser, investment analyst and fund manager author and publisher of the Gloom Boom & Doom Report . Dr Faber is known for his contrarian investment approach. Dr Marc Faber is associated with a variety of funds and is a member of the Board of Directors of numerous companies.
he became well known for advising his clients to get out of the stock market one week before the October 1987 crash. Dr Doom motto is "Follow the course opposite to custom and you will almost be right"
Mr. Faber is also the author of several books, including Tomorrow’s Gold – Asia’s Age of Discovery, and is a director of Ivanhoe Mines Ltd. , a mining firm focused on the Asia Pacific region. He is also an adviser to a number of private investment funds.

Marc Faber : Obama should restrict risk taking by the FED before doing it for the Banks

Chance of a Double Dip is 40%: Roach

"well practically I think what went wrong is what goes wrong with any fiat currency , it is very easy to increase the quantity of money to bailout the system and postpone the problems " says Marc Faber ...
"I think global growth is going to be anemic and I'd put a 40 percent chance on a double dip at some point in the next couple of years," says Stephen Roach, chairman, Asia of Morgan Stanley, told CNBC Friday. Marc Faber, author of the "Gloom, Doom and Boom Report" joined the discussion.
Faber Obama should restrict risk taking by the FED before doing it for the Banks

Marc Faber Obama Makes Bush Look Like a Genius

"I don't have a very high opinion of Mr. Obama," Marc Faber, author of the "Gloom, Doom and Boom Report," told CNBC Friday 22 January 2010. "I was negative of Mr. Bush but I think Mr. Obama makes him look like a genius," he added.


Dr. Marc Faber also known as Dr Doom is an investment adviser, investment analyst and fund manager author and publisher of the Gloom Boom & Doom Report . Dr Faber is known for his contrarian investment approach. Dr Marc Faber is associated with a variety of funds and is a member of the Board of Directors of numerous companies.
he became well known for advising his clients to get out of the stock market one week before the October 1987 crash. Dr Doom motto is "Follow the course opposite to custom and you will almost be right"
Mr. Faber is also the author of several books, including Tomorrow’s Gold – Asia’s Age of Discovery, and is a director of Ivanhoe Mines Ltd. , a mining firm focused on the Asia Pacific region. He is also an adviser to a number of private investment funds.

Marc Faber Defaults on sovereign Debt Will Proliferate

By: Antonia Oprita
Associate Web Producer, CNBC.com
Defaults on sovereign debt are likely to proliferate in the next crisis, Marc Faber wrote in his latest "Gloom, Boom & Doom Report."
The US will likely try to inflate its way out of its fiscal deficits, but many other countries do not have this option as their external debts are denominated in foreign currencies, Faber, who will guest host "Squawk Box Europe" Friday, wrote.

At some point, market participants will have second thoughts about the ability of governments to pay their debt and will shun sovereign credit, which in turn will take yields higher, accentuating the problem, according to the report.

"Investors who rushed into government-guaranteed debts in 2008-2009 in the belief that AAA-rated governments would always pay the interest on their debts and repay the creditor in full upon maturity could be in for a rude awakening sometime in the next 5 to 10 years," Faber wrote.
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Dr. Marc Faber also known as Dr Doom is an investment adviser, investment analyst and fund manager author and publisher of the Gloom Boom & Doom Report . Dr Faber is known for his contrarian investment approach. Dr Marc Faber is associated with a variety of funds and is a member of the Board of Directors of numerous companies.
he became well known for advising his clients to get out of the stock market one week before the October 1987 crash. Dr Doom motto is "Follow the course opposite to custom and you will almost be right"
Mr. Faber is also the author of several books, including Tomorrow’s Gold – Asia’s Age of Discovery, and is a director of Ivanhoe Mines Ltd. , a mining firm focused on the Asia Pacific region. He is also an adviser to a number of private investment funds.