Marc Faber`s Investment and Trading Ideas - A Tracking Blog About Dr. Marc Faber , Daily Tracking of Dr. Marc Faber Investment Strategy , Market analysis & Outlook and Media appearances
Marc Faber : The emerging markets with roughly 80% of world population is a powerful block it is larger than the developed countries , the oil consumption of the emerging markets just exceeded that of the developed world including japan , in the car sales they exceed the car sales in the industrialized world including japan , so as an economic block they are very very big and very powerful , and the days when western countries could look down on emerging economies and think that they are poor and stupid guys , is over says Marc Faber....
Dr Marc Faber was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude. Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, MARC FABER LIMITED which acts as an investment advisor and fund manager. Dr Faber publishes a widely read monthly investment newsletter "The Gloom Boom & Doom Report" report which highlights unusual investment opportunities, and is the author of several books including “ TOMORROW'S GOLD – Asia's Age of Discovery” which was first published in 2002 and highlights future investment opportunities around the world. “ TOMORROW'S GOLD ” was for several weeks on Amazon's best seller list and is being translated into Japanese, Chinese, Korean, Thai and German. Dr. Faber is also a regular contributor to several leading financial publications around the world. 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.
Dr Faber writes the monthly investment newsletter The Gloom Boom & Doom Report. He has also authored several books. Dr Faber funds philanthropic endeavors using some profits from newsletter subscriptions to educate Thai children. Dr. Faber has been a regular contributor to several leading publications around the world in the past, among them Forbes and International Wealth which is a sister publication of the Financial Times. He has contributed regularly to several websites such as Financial Intelligence, Asian Bond Portal, Die Welt, Finanzen, Boerse, AME Info, Swiss Radio, Apple Hong Kong and Taiwan, Quamnet, Winners, Wealth and Oriental Daily. He has also written occasionally for the International Herald Tribune, Wall Street Journal, and Borsa e Finanza.
Dr Marc Faber was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude. Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, MARC FABER LIMITED which acts as an investment advisor and fund manager. Dr Faber publishes a widely read monthly investment newsletter "The Gloom Boom & Doom Report" report which highlights unusual investment opportunities, and is the author of several books including “ TOMORROW'S GOLD – Asia's Age of Discovery” which was first published in 2002 and highlights future investment opportunities around the world. “ TOMORROW'S GOLD ” was for several weeks on Amazon's best seller list and is being translated into Japanese, Chinese, Korean, Thai and German. Dr. Faber is also a regular contributor to several leading financial publications around the world. 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 : "In periods of money printing and debasing of currencies, wealth becomes concentrated in the Goldman Sachses of the world because they can move money quickly"
"I don't think you can accuse China of manipulating their currency," Marc Faber, editor & publisher of the 'Gloom, Boom & Doom Report,' said Thursday. He said that China has had huge productivity improvements, but that in the US productivity has reduced, not improved.
Dr Marc Faber was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude. Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, MARC FABER LIMITED which acts as an investment advisor and fund manager. Dr Faber publishes a widely read monthly investment newsletter "The Gloom Boom & Doom Report" report which highlights unusual investment opportunities, and is the author of several books including “ TOMORROW'S GOLD – Asia's Age of Discovery” which was first published in 2002 and highlights future investment opportunities around the world. “ TOMORROW'S GOLD ” was for several weeks on Amazon's best seller list and is being translated into Japanese, Chinese, Korean, Thai and German. Dr. Faber is also a regular contributor to several leading financial publications around the world. 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.
Dr. Marc Faber wrote in his latest Gloom Boom & Doom Report : “I believe that,regardless of whether or not the S&P will exceed its Jan. 19, 2010, high at 1,150 within the next three months, a more meaningful correction will still occur in 2010 and provide a better buying opportunity. An exception to this may be Japanese banks such as Mitsubishi UFJ, Mizuho Financial Group, etc., which are, as I have pointed out before, extremely depressed.
“But if I were held at gunpoint and forced to buy equities (and many institutions need to do this), I would right now invest in energy and energy-related stocks such as Exxon Mobil, Chevron, Chesapeake Energy, Schlumberger and Halliburton. Should the global economy surprise temporarily on the upside, demand for energy would likely strengthen and lift oil prices.
“In addition, I maintain that for at least the next few months, the S&P 500 is likely to outperform emerging stock markets. U.S. large market capitalization stocks are not particularly expensive, and the U.S. dollar is likely to remain stable or even to appreciate further over the next [two] months.”
Mish Shedlock, of SitkaPacific Capital is one of the very few economists to have warned about deflation rather than inflation , Mish debates Marc Faber who have always warned about inflation / hyperinflation : Mish argument is that Credit is contracting, despite Ben Bernanke's trying to expand the money supply , but that money supply is just sitting there as excess reserve on the balance sheets of the banks , unless that money makes its way into the economy we are not going to see inflation I think there is another leg down in housing certainly another leg down in commercial real estate , we have not seen the write offs that are gonna happen with credit cards , lots of defaults coming , and more recently we are seeing something else too : where state budgets are coming out of control where states have to cut back we are seeing it in New Jersey we are seeing it in Kansas we are seeing mayors of various cities proposing to fire all the city workers and hire them back as non union workers , all of that stuff is a deflationary force , but the real point here is that Bernanke can print all that money but unless that money makes it to the real economy we are not going to see inflation " Mish explains "The money supply is just sitting there as excess reserves on bank balance sheets," Mish says Marc Faber on the other hand : says that Bernanke also known as 'Helicopter Ben' is good in dropping money on the US economy , he won't do it from a Helicopter but he will do it electronically , there is a biog misconception that when the economy is poor there deflation and when the economy is strong there is inflation it is the opposite says Marc Faber , because when the economy is bad the government pile up this fiscal deficits and they print money , there is a private credit contraction which is offset by a government credit expansion Marc Faber added and they gonna print and print and print and eventually another symptom of inflation besides soaring oil price since December 2008 , soaring equity prices since March 2009 will be rising consumer prices across the board and also all services will become more expensive
"Before we will have a final collapse that will be a deflationary collapse we will have more and more money printing , I am not saying that the FED policies are desirable , I am not saying that the fiscal policies are desirable , but you look at Mr Obama and you look at Mr Bernanke they will have large fiscal deficit and money printing for as far as the eye can see , it will not help the real economy that's the point ...money printing go to Zimbabwe and have a look at the real economy , the output cap is like 95 percent in other words the economy is operating 95 percent below its capacity ...but in an environment like this what you get is stocks moving up and the value of money going down "Marc Faber explains US Politicians Better Not Upset China , Can't Accuse China of Manipulating Currency: Faber , "I don't think you can accuse China of manipulating their currency," Marc Faber, editor & publisher of the 'Gloom, Boom & Doom Report,' said Thursday. He said that China has had huge productivity improvements, but that in the US productivity has reduced, not improved. "In General now everybody thinks we need more regulations , we need less regulations , but what we need is regulations that make sense says Marc Faber and my point is if we had interests rates that are high you would not have the amount of speculations that we had in the past ten , fifteen years , so again I am going back to easy monetary policy of the FED in the United States that has essentially encouraged speculation on an incredible scale worldwide and they have also introduced moral hazards by bailing out already 9098 LTCM and again by bailing out AIG , AIG should have gone bust and then the whole derivative market would have shrunk , but each time you bailout someone and that's a form of regulating the market , you create unintended consequences , it is like why do we have such horrible housing market because Fannie Mae and Freddie Mac encouraged speculation in real estate indirectly ...Says Marc Faber ...in the corporate world we have free market we have capitalistic system and some companies survive and other companies go bankrupt and the same should be with governments , if a government cannot pay then let them go bankrupt , why would one bail them out and some investors will suffer and some investors will bet on the bankruptcy of the governments who will make it , that's fine ...Marc Faber continues then speaking abut where he sees the Euro the YEN and US Dollar going from here , he also speaks about gold and gold standard "I think we already have now a gold standard … created by the market place," Marc Faber told "Squawk Box Europe.""We have the (ETFs) that have proliferated and we have more and more physical buying of gold," he said. "I think interest rates forever in the US will be at zero. By zero I mean below the rate of inflation," Marc Faber, editor & publisher of The Gloom, Boom & Doom Report, told CNBC Thursday. Faber also said that the Chinese economy will slow down, but avoid a crash. 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.
"Before we will have a final collapse that will be a deflationary collapse we will have more and more money printing , I am not saying that the FED policies are desirable , I am not saying that the fiscal policies are desirable , but you look at Mr Obama and you look at Mr Bernanke they will have large fiscal deficit and money printing for as far as the eye can see , it will not help the real economy that's the point ...money printing go to Zimbabwe and have a look at the real economy , the output cap is like 95 percent in other words the economy is operating 95 percent below its capacity ...but in an environment like this what you get is stocks moving up and the value of money going down "Marc Faber explains US Politicians Better Not Upset China , Can't Accuse China of Manipulating Currency: Faber , "I don't think you can accuse China of manipulating their currency," Marc Faber, editor & publisher of the 'Gloom, Boom & Doom Report,' said Thursday. He said that China has had huge productivity improvements, but that in the US productivity has reduced, not improved. "In General now everybody thinks we need more regulations , we need less regulations , but what we need is regulations that make sense says Marc Faber and my point is if we had interests rates that are high you would not have the amount of speculations that we had in the past ten , fifteen years , so again I am going back to easy monetary policy of the FED in the United States that has essentially encouraged speculation on an incredible scale worldwide and they have also introduced moral hazards by bailing out already 9098 LTCM and again by bailing out AIG , AIG should have gone bust and then the whole derivative market would have shrunk , but each time you bailout someone and that's a form of regulating the market , you create unintended consequences , it is like why do we have such horrible housing market because Fannie Mae and Freddie Mac encouraged speculation in real estate indirectly ...Says Marc Faber ...in the corporate world we have free market we have capitalistic system and some companies survive and other companies go bankrupt and the same should be with governments , if a government cannot pay then let them go bankrupt , why would one bail them out and some investors will suffer and some investors will bet on the bankruptcy of the governments who will make it , that's fine ...Marc Faber continues then speaking abut where he sees the Euro the YEN and US Dollar going from here , he also speaks about gold and gold standard "I think we already have now a gold standard … created by the market place," Marc Faber told "Squawk Box Europe.""We have the (ETFs) that have proliferated and we have more and more physical buying of gold," he said. "I think interest rates forever in the US will be at zero. By zero I mean below the rate of inflation," Marc Faber, editor & publisher of The Gloom, Boom & Doom Report, told CNBC Thursday. Faber also said that the Chinese economy will slow down, but avoid a crash. 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.
"In General now everybody thinks we need more regulations , we need less regulations , but what we need is regulations that make sense says Marc Faber and my point is if we had interests rates that are high you would not have the amount of speculations that we had in the past ten , fifteen years , so again I am going back to easy monetary policy of the FED in the United States that has essentially encouraged speculation on an incredible scale worldwide and they have also introduced moral hazards by bailing out already 9098 LTCM and again by bailing out AIG , AIG should have gone bust and then the whole derivative market would have shrunk , but each time you bailout someone and that's a form of regulating the market , you create unintended consequences , it is like why do we have such horrible housing market because Fannie Mae and Freddie Mac encouraged speculation in real estate indirectly ...Says Marc Faber ...in the corporate world we have free market we have capitalistic system and some companies survive and other companies go bankrupt and the same should be with governments , if a government cannot pay then let them go bankrupt , why would one bail them out and some investors will suffer and some investors will bet on the bankruptcy of the governments who will make it , that's fine ...Marc Faber continues then speaking abut where he sees the Euro the YEN and US Dollar going from here , he also speaks about gold and gold standard "I think we already have now a gold standard … created by the market place," Marc Faber told "Squawk Box Europe."
"We have the (ETFs) that have proliferated and we have more and more physical buying of gold," he said.
Marc Fabereditor & publisher of the Gloom, Boom & Doom Report explains that he would buy oil stocks in companies like Exxon or Chevron because he believes that their stocks have corrected down and he believes that for the next six months the global economy may look some what better particularly compared to 2009 , march 2009 was about the bottom of the recession says Marc Faber and we are comparing now with a very low economic activity a year ago so the statistics may look some what better and if the western world recovers somewhat combined with the still rising demand in emerging economies I think the oil prices will rather go up than down , Marc Faber added and therefore I believe that oil stocks can perform reasonably well by the way also mining companies ... Regarding the emerging markets : Marc Faber says if you look at the world there are many statistics that will show you say car sales in the emerging markets are now larger than in the developed world , oil consumption in the emerging markets is larger than in the develloped world or semi conductors sales in asia ex japan is larger than in Europe the US and Japan combined , so these statistics show you that the goods markets are huge in the emerging economies by account that 80% of the world lives in emerging markets so you should have 50 percent of your money minimum in emerging economies Marc Faber explains..
Marc Faber, publisher of the Gloom, Boom & Doom Report, reveals his views on the inflation/deflation, of the US dollar. Marc says, cash and treasury bond will lose and the winners will be foreign currency and commodities. Equities have some power to hedge inflation “There is this huge debate between the deflationists and the inflationists. The deflationists believe that the DOW will fall to 4,000 and the S&P to 400 and that bonds will rally and that we will have widespread deflation like in the 1930’s. I belong more to the camp that looks more at inflation and deflation from a different perspective in the sense that in every system you can have some prices going down and some prices going up. Say if you have a glut in consumer goods then consumer good prices can go down. But if you print money and have a zero interest rate, then home prices theoretically could go up or if they don’t go up then stock prices can go up or commodities prices can go up. But in any event, your cash purchasing power diminishes over time, like the U.S. dollar [which] is weak. That’s a symptom of inflation…to have deflation in a system you would have to have a strong currency.”says 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.
"I was recently in Vietnam, a country with an annual GDP per capita of approximately US$300. I was stunned by the sight of what seemed to be millions of motorcycles crowding the streets of Hanoi, Ho Chi Minh City, and the coastal city of Danang, where five years ago there were very few! This was especially surprising, since there is not yet a consumer credit system in Vietnam " from the gloom boom and doom report
Marc Faber, editor of the Gloom, Boom and Doom Report. : we had more than 20 years bear market in Japan , and valuations compared to interest rates are low and I really feel that , that is a market that have been totally neglected , ten years ago and twenty years ago people were always rushing to Japanese stocks , now there is practically no interest says Marc Faber , but i like to mention one other point where I disagree with Mish , is that I do not think we will see another 666 on the S&P 500 ever again , if we go down by let's say 10-20% on the S&P 500, our money printer Ben Bernanke will flood the market with liquidity , so what will happen is that the dollar weakens again and thereby driving up stock prices. "I think that gold can in general outperform equities " Marc Faber added
Mish Shedlock, of SitkaPacific Capital is one of the very few economists to have warned about deflation rather than inflation , Mish debates Marc Faber who have always warned about inflation / hyperinflation : Mish argument is that Credit is contracting, despite Ben Bernanke's trying to expand the money supply , but that money supply is just sitting there as excess reserve on the balance sheets of the banks , unless that money makes its way into the economy we are not going to see inflation I think there is another leg down in housing certainly another leg down in commercial real estate , we have not seen the write offs that are gonna happen with credit cards , lots of defaults coming , and more recently we are seeing something else too : where state budgets are coming out of control where states have to cut back we are seeing it in New Jersey we are seeing it in Kansas we are seeing mayors of various cities proposing to fire all the city workers and hire them back as non union workers , all of that stuff is a deflationary force , but the real point here is that Bernanke can print all that money but unless that money makes it to the real economy we are not going to see inflation " Mish explains "The money supply is just sitting there as excess reserves on bank balance sheets," Mish says Marc Faber on the other hand : says that Bernanke also known as 'Helicopter Ben' is good in dropping money on the US economy , he won't do it from a Helicopter but he will do it electronically , there is a biog misconception that when the economy is poor there deflation and when the economy is strong there is inflation it is the opposite says Marc Faber , because when the economy is bad the government pile up this fiscal deficits and they print money , there is a private credit contraction which is offset by a government credit expansion Marc Faber added and they gonna print and print and print and eventually another symptom of inflation besides soaring oil price since December 2008 , soaring equity prices since March 2009 will be rising consumer prices across the board and also all services will become more expensive
Investment Guru Marc Faber, in an exclusive interview to ET Now, said that the whole of the 2010 will be more choppy and he doesn't think that the anywhere in the world March lows will be seen again.
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.
Washington lawmakers are a delusional bunch of boneheads, say Marc Faber and Mike "Mish" Shedlock, editor of the Gloom, Boom, and Doom Report and investment advisor at SitkaPacific Capital Management, respectively "I Think It's beyond repair ,it's too late," Says Marc Faber " and the deficit I said this a year ago that the fiscal deficit will stay above a trillion dollars , I think it is likely that it will stay at a much higher level than a trillion dollar for he next ten years " Marc Faber added "The government debt will go up , what will happen is that they will have to monetize it and then eventually interest rates will be much higher than the interest payments on the government debt as a percent of tax revenue will go up substantially and then you are in in disaster , but the government and there I agree with Stiglitz it will not default and say we won't opay , may be they will do that to foreigners , but before they'll do that in my opinion they will just print money " Marc Faber explains Mish agrees: "but the question is when that matters " he says and what are the deflationary inflationary forces in the meantime.... Marc Faber is convinced that the collapse of civilization has already begun , Marc Faber explains that yesterday at the Chicago airport he was asked for an ID card when he ordered a beer " I certainly do not look less than 20 years old , the message is clear here , you can see here how totally out of control the regulations have become " Marc Faber says Faber advices to accumulate slowly some gold , own a property outside the major cities , cause the major cities have become very dangerous in terms of modern warfare
Americans are short-sighted if they invest only in U.S. companies, internationally known investment adviser Marc Faber told a Madison audience Thursday. “Emerging economies are no longer the poor cousins of developed (countries). There has been a huge transfer of wealth ... to emerging economies,” Faber said in an interview. “If you just focus on the U.S., it’s a huge mistake because the U.S. is no longer that relevant to the global economy,” he said. “In the U.S., standards of living have certainly not improved over the last 20 years and, in my opinion, have rather gone down for the middle class and for the working class. In inflation-adjusted terms, their incomes haven’t gone up at all,” Faber said. Read Full Article
In collaboration with CFA Bahrain, CFA Institute, the global association of investment professionals, is to host its first investment conference in the Middle East on Tuesday 23 March. It is anticipated that around 200 delegates will attend the 2010 CFA Institute Middle East Investment Conference, taking place in Manama, Kingdom of Bahrain, including portfolio managers, analysts, chief investment officers, chief executive officers, investment advisers, pension plan investment officers and other senior consultants, who’s names regularly appear in Financial Times Magazine. Building on the international reputation of CFA Institute for providing specialist investment conferences and educational programs, this new conference will attract CFA charterholders and senior investment professionals from across the GCC region, Lebanon, Egypt and Jordan, and from as far afield the USA, Europe and Asia. The event has attracted international and national sponsorships from the Central Bank of Bahrain, Thomson Reuters, Fact Set, Gulf International Bank, The National Bank of Bahrain, McLean Budden, SICO Investment Bank and Morgan International. Via Dubai Chronicle
Marc Faber on CNN If you think that Money Printing helps an economy go to Zimbabwe , there Mr Mugbe is printing like crazy...Marc Faber compares the world economy to a patient that is already dead , there is nothing to be done to him...Marc Faber says you should stock pile food and run for the mountains ...
Dr Marc Faber was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude. Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, MARC FABER LIMITED which acts as an investment advisor and fund manager. Dr Faber publishes a widely read monthly investment newsletter "The Gloom Boom & Doom Report" report which highlights unusual investment opportunities, and is the author of several books including “ TOMORROW'S GOLD – Asia's Age of Discovery” which was first published in 2002 and highlights future investment opportunities around the world. “ TOMORROW'S GOLD ” was for several weeks on Amazon's best seller list and is being translated into Japanese, Chinese, Korean, Thai and German. Dr. Faber is also a regular contributor to several leading financial publications around the world. 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.
LONDON (Commodity Online): The debt crisis plaguing Greece has turned out to be another opportunity for global investment advisors to bat for gold, the hottest commodity traded in the world. While Faber does not hold any hopes for the US dollar and Euro, he says the only ideal investment for people these days is to buy gold. “Greece is caught in a big problem and their currency (which is Euro) is hugely overvalued. So in these circumstances I would advise the people in that country to buy gold,” said Marc Faber.
“I don't think the Greek bail out plan will work out, and I think other countries like Spain and probably Portugal (and Italy) will then also have to be bailed out eventually, and it will lead to more monetization in Europe, one of the reason the euro has been so week,” says Faber. Read full article Dr Marc Faber was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude. Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, MARC FABER LIMITED which acts as an investment advisor and fund manager. Dr Faber publishes a widely read monthly investment newsletter "The Gloom Boom & Doom Report" report which highlights unusual investment opportunities, and is the author of several books including “ TOMORROW'S GOLD – Asia's Age of Discovery” which was first published in 2002 and highlights future investment opportunities around the world. “ TOMORROW'S GOLD ” was for several weeks on Amazon's best seller list and is being translated into Japanese, Chinese, Korean, Thai and German. Dr. Faber is also a regular contributor to several leading financial publications around the world. 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.
March 4 (Bloomberg) -- Robert Prechter, founder of Elliott Wave International Inc., talks with Bloomberg's Betty Liu about his stock market analysis and investment advice. He says get out of the stock market and into cash.
“(Gold's) quantity cannot increase at the same rate as you can print money, which will eventually weaken the US dollar,”Marc Fabertold CNBC in a live interview
"I’m not saying that the dollar will go straight away down because other currencies like the euro are even worse at the present time," Faber Explained. "But eventually if you print money, the purchasing power will lose ."
“Other counties like Spain and Portugal will also have to be bailed out eventually, and it will lead to more monetization in Europe, one of the reasons why the euro has been so weak,”
“The pain of the austerity will be very burdensome on Greece," he added. "And eventually the economy can’t grow with the kind of budget they will have to enact and under these conditions, their currency is way overvalued.”
“If you compare the Depression years, we didn’t have credit cards and we didn’t have unfunded liabilities from Social Security, Medicare, and Medicade,”Marc Faberadded. “In other words, in 10 years time, between 30 to 50 percent of tax revenues will be spent on interest payments on the government debt...and that will lead to a weak dollar.”
Dr Marc Faber was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude. Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, MARC FABER LIMITED which acts as an investment advisor and fund manager. Dr Faber publishes a widely read monthly investment newsletter "The Gloom Boom & Doom Report" report which highlights unusual investment opportunities, and is the author of several books including “ TOMORROW'S GOLD – Asia's Age of Discovery” which was first published in 2002 and highlights future investment opportunities around the world. “ TOMORROW'S GOLD ” was for several weeks on Amazon's best seller list and is being translated into Japanese, Chinese, Korean, Thai and German. Dr. Faber is also a regular contributor to several leading financial publications around the world. 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.
In an interview with the Financial Times dated 23 February 2010 , Marc Faber spoke in details on where he sees the US economy heading he warned about the partial US debt default , Marc Faber says that before the default they will monetize , and as the government debt expands they can do a dirty trick and that's partial default , The Volker rule comes too late says Marc Faber , the problem is the political process in the US , even a good idea leads to bad regulations , by having the interest rates at zero we are forcing the capital holders to speculate into something either real estate stocks currencies etc...this leads to the creation of credit bubbles says Marc Faber ...Marc Faber then speaks about China and Gold , India real estate market and finally in the last part he speaks about the currencies needless to say that he is bearish on all paper money...
Dr Marc Faber was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude. Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, MARC FABER LIMITED which acts as an investment advisor and fund manager. Dr Faber publishes a widely read monthly investment newsletter "The Gloom Boom & Doom Report" report which highlights unusual investment opportunities, and is the author of several books including “ TOMORROW'S GOLD – Asia's Age of Discovery” which was first published in 2002 and highlights future investment opportunities around the world. “ TOMORROW'S GOLD ” was for several weeks on Amazon's best seller list and is being translated into Japanese, Chinese, Korean, Thai and German. Dr. Faber is also a regular contributor to several leading financial publications around the world. 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.
“The next war will be a dirty war,” he told fund managers: “What are you going to do when your mobile phone gets shut down or the internet stops working or the city water supplies get poisoned?” Marc Faber was reported as saying last week during a meetup of 700 of the world’s most powerful investors in Tokyo Japan Source www.globalcrisisnews.com
Dr Marc Faber was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude. Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, MARC FABER LIMITED which acts as an investment advisor and fund manager. Dr Faber publishes a widely read monthly investment newsletter "The Gloom Boom & Doom Report" report which highlights unusual investment opportunities, and is the author of several books including “ TOMORROW'S GOLD – Asia's Age of Discovery” which was first published in 2002 and highlights future investment opportunities around the world. “ TOMORROW'S GOLD ” was for several weeks on Amazon's best seller list and is being translated into Japanese, Chinese, Korean, Thai and German. Dr. Faber is also a regular contributor to several leading financial publications around the world. 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.
"All paper currencies will continue to lose their purchasing power as they have over the last 100 years or so," investment guru Marc Faber, told the Financial Times in Hong Kong last week.
"I suggest that people accumulate gold. They shouldn't market-time the Gold Price, because we're going to have volatility...But I will not sell my gold, not for as long as [the current US administration] is structuring fiscal, monetary and foreign policies."
"In the US, I don't think we will have real [positive] interest rates at any time in the next 10 years."
Dr Marc Faber was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude. Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, which acts as an investment advisor and fund manager.
WILL THE DOLLAR COLLAPSE ? Silver & Rick Rule
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WILL THE DOLLAR COLLAPSE?? Silver & Rick Rule An interesting interview with
Rick...
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