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
Dr. Marc Faber : if China had military bases in Canada in Mexico in the Caribbean sea the Americans also would not be very happy . It is absolutely clear that for China it is strategically unacceptable that the Americans have their bases in Central Asia , The Chinese and the Russians have founded an organization some years ago called the Shanghai cooperation Organization with precisely those countries China Russia Kazakhstan Kyrgyzstan Tajikistan and Uzbekistan and the observers are Iran India Pakistan and Mongolia basically the Russian and the Chinese want to keep the Americans out of Central Asia , absolutely clear it will then overtime lead to conflicts , I would not not expect that one division of tanks will face another division of tanks and that it will come to such a war but the Chinese they do it of course through the north Koreans or using others and they will support of course all the elements that are hostile to the Americans in this region and therefore the afghan war will last a long long time a bottomless pit , i should be obvious , and when it comes to a war and I assume that the financial and the monetary policy in America will not be successful in the sense that the standards of living will improve and over time there will be new problems more inflation and the number of the unemployed will hardly fall as it was in the case after 2001 and the last station will war fighting and then in time of war the commodity prices rise sharply , these are the Napoleonic wars the American civil war World war I Viet Nam War etc..therefore I would recommend investments in commodities.. The bubble in china is not a credit bubble , the credit has not expanded too much , in the last time more , but as a percent of the Gross national Product not especially and the houses prices In comparison with the gross national product and in comparison to the income personal income hey have rather fallen ...but where the bubbles exist in China , the investment bubble are over capacities one has built way too much capacities and therefore is the stimulus program in China actually of no use , because if you have overcapacities in the world you can well print money and supply money then you build even more capacities if the money goes into the private sector , If a businessman has overcapacities then he would not of course build a new fabric , what he will then do with the excess liquidity is to speculate in the real estate and the stock market
April 04, 2010 — NZZ Online, 2. Februar 2010 Dr. Marc Faber (Dr. Doom) über die aktuelle Situation an den Aktien-, Rohstoff- und Staatsanleihenmärkten sowie über ein mögliches Zukunftsszenario. Marc Faber :"I am not sure yet that the recession is lready over because the numbers of unemployed persons in the United States is still increasing and there are several indicators that barely suggest a rebound on the economy , I think that also this year it will not get better because the stimulus packages will already lose its influence So I could imagine that we would not have a basic rebound and that the markets will rather correct " "The Gold between $950 and $1,050 would be a buying zone " Dr Doom gives his insights on 2012 Doomsday : "I do not think that the world will end in 2012 , but it is quite clear that there have been no solutions for the financial crisis that occurred , they have moved the problem to the future , they just painted new colors on the cracks of the building "And of course the problems will come back , and when they come back then these countries are affected by national bankruptcies , which are not able to fulfill their obligations anymore " "According to my calculations it is impossible that the American government can fulfill its obligations because the current deficit is over one trillion , this year 1.6 trillion , And that will not come under one trillion and that increase the national debt .The Total debt is already 375% of the GDP , but that does not still include the not yet covered debts of medicaid medicare and social security, if you would include it then the national debt is already 600% of the GDP , So they have to massively print money in the future that will lead to an inflation and recession in the same time , so they might get into a depression and synchronized an inflation as they have in Zimbabwe , The result will be that they will intervene in a war - and the americans are good in finding enemies around the world , That will end in a big conflict and the whole system will collapse" This scenario won't happen tomorrow but in the next 5-10 years guaranteed Marc Faber added
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 bubble in china is not a credit bubble , the credit has not expanded too much , in the last time more , but as a percent of the Gross national Product not especially and the houses prices In comparison with the gross national product and in comparison to the income personal income hey have rather fallen ...but where the bubbles exist in China , the investment bubble are over capacities one has built way too much capacities and therefore is the stimulus program in China actually of no use , because if you have overcapacities in the world you can well print money and suplly money then you build even more capacities if the money goes into the private sector , If a businessman has overcapacities then he would not of course build a new fabric , what he will then do with the excess liquidity is to speculate in the real estate and the stock market...etc...
Marc Faber, Investment Guru, says Greece will be bailed out indirectly by the European Central Bank (ECB) that will guarantee some bonds that they are issuing, and these bonds will then be bought by the public or financial institution. But he doesnt think it will work out.
Marc Faber "we went into this crisis with an unprecedented debt level. “If you compare for instance with the depression years, in the depression years, we didn’t have credit cards, we didn't have unfunded liabilities from social security, from medicare, mediclaim, these are all debts that will come that have to be paid by the government and eventually this fiscal deficit will lead to a government debt that will then because of its increase in size lead to sharply rising interest burden. In 10 years time, I would estimate that between 30-50% of tax revenue will be spent on interest payments on government debt and that will then prove to be a huge problem and necessitate the monetisation of 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.
Marc Faber of The Gloom Boom and Doom report also nicknamed Doctor Doom is a world class investor and a regular speaker at various investment seminars, Dr Faber is well known for his "contrarian" investment approach.
He is also associated with a variety of funds and is a member of the Board of Directors of numerous companies. 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.
A book on Dr Faber, "RIDING THE MILLENNIAL STORM", by Nury Vittachi, was published in 1998.
Marc Faber : you have to give credit to mister Greenspan and especially mister Bernanke they managed to create a bubble in everything ..this is an achievement no central banker have ever achieved this , you look at 2002 to 2007 real estate went up globally everywhere the world equities everywhere in the world they went up , art prices everywhere in the world went up , worthless collectible went up , commodities went up and even bonds rally everything rally , only one asset class went down here between 2002 and 2007 is the US Dollar , but everything (else) went up ...then comes 2008 , everything goes down but the US Dollar goes up ...you do not need to be a rocket scientist ...I mentioned about the global boon 2002 to 2007 but there was one country that was in recession permanently , it was run by Robert Mugabe the economic mentor of Ben Bernanke , the only country in recession ......"I do not trust central bankers period" 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.
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
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.
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