Marc Faber bullish on the agricultural commodities

Marc Faber :"I still like the agricultural commodities, but they have had a very big move - in some cases 50% - over the last 3 months. So potentially, we will get kind of a setback here, a correction. But in general, I am still positive on agricultural commodities and I am still positive about precious metals whereby precious metals have become very popular lately and they have been very strong, including gold, silver, platinum, palladium and a correction is also overdue.

The whole world is now optimistic and positioned to take advantage of forever expansionary monetary policies by buying assets, precious metals, real estate, equities, and everybody believes that the central banks in the world will print and print and print and print. That is correct, they will do that, but they printed, printed and printed and we still saw a financial crisis in 2008. So I can print and print and print, and you can still have big corrections in the market. But I believe that if the S&P in the US drops 15-20% to around 900-950, the Fed would come out not with this quantitative easing No. 2, but with quantitative easing No. 2, 3, 4, 5, 6, 7, 8, 9, 10 until the asset markets go up again. They are going to print and print and print. "
in economictimes.indiatimes.com

Marc Faber : Positive about economic growth in Emerging Economies

Watch the Interview Here >>>>

Marc Faber :"I am still positive about economic growth in the emerging world. But what disturbs me at the present time is that in late August, sentiment was very negative worldwide and people said that Dow will drop to 1000 and so forth and so on. Suddenly now, the consensus is that you have to be in equities, you have to be in gold, you have to be in assets because central banks around the world will print money. That is correct, they will print money. But sentiment has become so universally bullish that about all assets, including especially emerging economies - in US dollar terms - are up. The Indian market this year is already up 19%, Malaysia 28%, the Philippines, Indonesia and Thailand each over 40%.

We already have big moves and I see all the brokers upgrading the earnings estimates and so forth. So I become a little bit apprehensive about this universal bullishness. I would rather think that after a strong month of September - when everybody was expecting September to be a horrible month - October and November may be bad months. In the past, October has frequently been a disastrous month like we had the October 1987 crash, we had the late September-early October 1929 crisis. In 1976 and 1978, we had very bad months in October and November. So who knows, out of this present bullishness, we could have some kind of a sharp correction developing. ".....etc...

Bond Bubble Bursting?

Sept. 27 2010 | Weighing in on whether Treasury yields are headed even lower, with Richard Volpe, RBC co-head of USD rates.

Marc Faber on the prospects for the US dollar

Dr. Marc Faber: "The dollar has been relatively weak in the last few years. It’s just that the other currencies are not much better. There has been a tendency for the dollar to weaken and certainly it has weakened against the price of oil, against the price of precious metals and raw materials and it’s lost its purchasing power. There is no question about the fact that, today, if you have $100,000 you can buy less than 10 years ago or 20 years ago. Just look at the housing market. It has come down somewhat but a house is much more expensive than in 1980."
in goldnewswire.net

Marc Faber on Indian Stock Market

Q: If you were owning stocks in India today, what would you do?
A: That depends, if all my money is in stocks in India, I would sell or bring down the position meaningfully. But if I have 5% of my global assets in Indian stocks, I would maybe keep them, depending of course which companies I own and how comfortable I feel with these companies. Though the question is how much money do you have in the market, but I think in general people around the world are underweight Indian equities because it’s a huge country, billion people and many international portfolios have zero exposure to India.
So, I think that in general if someone has no money in India, I would over a time stimulate Indian shares. As I mentioned to you I think the market technically doesn’t look good. We may go down first before we rally further, if at all, maybe we don’t even rally as I said maybe we are in a trading range in India between 13,000 and 19,000. But if I had too much exposure in Indian shares I would definitely reduce the position.
via http://www.moneycontrol.com

Marc Faber : The Yuan will continue to rise against The dollar

Faber: "Accumulate gold and keep it as cash;" yuan will continue to rise against dollar

Marc Faber : I think that the Yuan will continue to appreciate against the US Dollar along with the other Asian currencies because China with its large reserve can basically force the other currencies in Asia also upwards by buying them , I do not think that China is terribly concerned by say ten or twenty percent appreciation of the Yuan against the US dollar but what I do not like is to be pushed around by someone like Mister Obama ......
well basically we are in an Olympic game in the world to depreciate currencies we do not have trade wars like in the thirties when you have import restrictions and essentially trade barriers , but countries , in my opinion a mistake they try to remain competitive by having a low currency , and so everybody in the world try to lower the value of its currency ....
i think the Asian currencies including the Chinese Yuan will continue to appreciate , this year the Malaysian Ringgit is up ten percent the Thai Baht is up almost nine percent and the stock markets of Malaysia Thailand Philippines Indonesia are all up in US dollar terms between fifteen and thirty five percent ..., I think we live in a new world in which emerging economies will have a larger and larger share of wealth , stock market capitalization it doubled in the last ten years already and stands now at twenty two percent of global market capitalization , I think in ten years time emerging economies could be fifty percent of the global stock market capitalization ....etc....
Sept. 24 (Bloomberg) -- Marc Faber, publisher of the Gloom, Boom & Doom report, discusses the outlook for the Chinese yuan. Faber, speaking from Chiang Mai, Thailand, with Deirdre Bolton on Bloomberg Television's "InsideTrack," also discusses gold prices and expectations for the Standard & Poor's 500 Index.

Marc Faber : Gold Still Cheap but sharp declines are possible

Dr. Marc Faber One of the most prominent gold price bulls over the past decade has At the recent CLSA Investors’ Forum 2010 in Hong Kong, Faber said that he still sees the price of gold as relatively inexpensive, despite the record levels being reached this recently, but there is always a risk of sharp corrections that may occur from time to time , Marc Faber denied that gold could be in any form of a bubble
saying “given all the unfunded liabilities and the money printing in the world and the size of the financial assets in the world.“ Faber advices investors to accumulate gold through monthly purchases , and to avoid putting too large a portion of their money into the yellow metal, because here is always the possibility of sharp declines which can be expected from time to time. “We can have one day a correction of 20 to 30%,” Marc Faber explained. As an example, he pointed to the gold price performance in the 1970s, which saw the price of gold tumble from $195 to $105, before ultimately rising above $800 per ounce.

Dr. Marc Faber on the Federal Reserve and Hyperinflation

Marc Faber Interview with The Hera Research Newsletter (HRN) 23 Sept 2010

http://news.goldseek.com/GoldSeek/1285271100.php
HRN: What would you recommend that the Federal Reserve do differently?

Dr. Marc Faber: The first action Mr. Bernanke should take is to resign. If I had messed up the system so badly, as he has done, I would have to resign. He has talked constantly about the Great Depression and what caused the depression but the problem is that he really doesn't understand what caused the depression, which was also excessive leverage at that time. I have to stress that in 1929 the debt to GDP ratio was of course minuscule in comparison what it is today. It was 186% of GDP but you didn't have Social security, Medicare and Medicaid and unfunded liabilities for Social Security and so forth. So, debt today, as a percent of GDP, is 379% and if you add the unfunded liabilities we are at over 800%. The Federal Reserve should pay attention to that.

a transcript of the full interview can be found here >>>

Fed to Cut Growth Forecast, Europe Rescue Failing, El-Erian Says

Sept. 20 (Bloomberg) -- The Federal Reserve is likely to lower its forecasts for U.S. economic growth at tomorrow’s meeting, said Mohamed A. El-Erian, chief executive officer at Pacific Investment Management Co., which runs the world’s biggest bond fund.

read article >>>

Marc Faber Gold is not in a bubble

Commodity Surge
With gold prices breaking several all-time records this week, you would think most would think it's getting expensive to acquire the yellow metal, but not Marc Faber, who says gold bullion prices aren't expensive in his view.

At a CLSA Investors’ Forum 2010 in Hong Kong, Faber said, “Given all the unfunded liabilities and the money printing in the world and the size of the financial assets in the world, I don’t think we are in a
read article >>>

Marc Faber and Nouriel Roubini disagree over Japans prospects

http://www.citywire.co.uk/money/two-dr-dooms-clash-over-japans-prospects/a432476

Nouriel Roubini and Dr Marc Faber are both widely known in investment circles as ‘Dr Doom’ for their generally pessimistic views on markets.
As both have called markets correctly ahead of some of the biggest bear markets of recent years, it is striking when the pair disagree.
In this case, they are at odds on the future direction of the Japanese currency and its implications for Japanese equities.

Bullish on Japanese equities

Faber, author of the influential Gloom, Boom and Doom report, is relatively bullish on prospects for the Japanese stock market over the next 12 months because he is expecting the yen to depreciate in price.
read article >>>>

Joseph Stiglitz : Government Regulation Key to Healthy Economy

While some point to the economically stable decades following the Great Depression as a triumph of the free market, Nobel Prize-winning economist Joseph Stiglitz begs to differ. In reality, he says, these years were made possible by careful government intervention and regulation.



Visiting Nobel Laureate and global economist Professor Joseph Stiglitz believes Australia's good fortune in being sheltered from the worst of the GFC means we may not fully comprehend its impact internationally.

On his tour of Australia, he comments on the state of the Australian economy, particularly in context of the Global Financial Crisis, the role of natural resources within this economy, and Australia's response to global warming.

Professor Stiglitz travelled all over Australia for three weeks as the inaugural speaker for the Eminent Speaker Series, hosted by the Economic Society of Australia. The series has been initiated to provide an opportunity for industry professionals, government representatives and academics to hear from the world's leading economists in an open forum. - Australian Broadcasting Corporation

Joseph Stiglitz was chief economist at the World Bank until January 2000. Before that, he was the chairman of President Clinton's Council of Economic Advisers. He was awarded the Nobel Prize in economics in 2001. He is currently a finance and economics professor at Columbia University. He is the author of Globalization and Its Discontents and The Roaring Nineties.
Category:

Marc Faber : Indian companies more attractive, easier to evaluate

On the sidelines of the Invest10 investment forum in Geneva, the editor of the Gloom, Boom & Doom Report told Reuters in an interview on Wednesday that ultra-low interest rates were making it difficult to value assets in developed economies, and that countries like Thailand, Singapore and Vietnam would do better short term.

“US and European interest rates are negative in real terms, the rate of inflation is significantly higher than what governments are saying,” Mr Faber said. “You can see it when you pay for your insurance premiums, your groceries, your child’s pre-kindergarten schooling in New York there has been a loss of pricing power for most people.”
Read Full Story >>>>

El-Erian Comments on Fed

Sept. 20 (Bloomberg) -- Bloomberg's Deirdre Bolton reports on major newsmakers in today's Movers & Shakers. (Source: Bloomberg)

Marc Faber outlook for The industrial commodities

Marc Faber : "I think that industrial commodities are not the most desirable. I think the commodities complex, which is most attractive at present time, are agricultural commodity and they should move up further in due course.

The industrial commodities are basically suffering from still relatively weak global demand. If something happens because Chinese economy, not just a minor slowdown, but a more meaningful slowdown then obviously would have a big impact on the demand for industrial commodity. "

via moneycontrol.com

Marc Faber: Stock markets in a trading range

Marc Faber :"I think that there are people who have extreme views either extremely bullish or extremely bearish. I think we maybe in a kind of a trading range whereby first we go down somewhat into October-November and then rally again towards the end of the year.
I think the difficulty is what to do with money when interest rates are essentially at zero on US dollar then obviously people look at their portfolios and they see stocks that have dividend yields. In Singapore, Thailand, Malaysia, you can have stocks yielding 5% on the dividend. So, the money flows essentially into these stocks."
"We have touched 1,010 at the low point and we trade it several times around 1,040. Though there is some support there, but I wouldn’t bet that it’s not going to be broken on the downside. The fact is simply the economy is not doing well and it is very likely that they will have more monetary easing and further stimulus packages. I am not sure that the stock market will take that well, maybe the stock market won’t be very happy about additional stimulus, more interventions into the free market. Though anything could happen, but let’s put it this way that I do not think that we will go and breakdown below the March 2009 level. I think that may have seen a major low and that we will be in a kind of a trading range around this level we are at here. "

Marc Faber still bullish on gold bullion

By Chris Oliver, MarketWatch
HONG KONG (MarketWatch) – Gold’s rise to a fresh record Friday won endorsement from financial advisor Marc Faber, who said the rally in bullion prices didn’t appear excessive in view of the inflationary backdrop and ongoing bias of the world’s monetary authorities towards weak currencies.

Faber, known as Dr. Doom for his bearish call on U.S. stocks shortly before the crash of October 1987, said he would continue to be a buyer of bullion at current levels.

“Given all the unfunded liabilities and the money printing in the world and the size of the financial assets in the world, I don’t think we are in a bubble,” Faber told a CLSA Investors’ Forum 2010 in Hong Kong.
Read Article at www.marketwatch.com >>>>

Marc Faber at The Invest10 investment forum in Geneva,

A regular speaker at various investment seminars, Dr Marc Faber is well known for his “contrarian” investment approach. He is also associated with a variety of funds.Marc Faber was a speaker at The Invest10 Investment forum in Geneva Switzerland on the 15 and 16 September 2010 , , Marc Faber intervention was under the title : “the shift in the balance of economic power to emerging economies” . the Moderator : Warren Giles, Bloomberg , Faber also participated in a round table under the title : “economy, markets and asset allocation, what now ?” te participants are : Marc Faber (Marc Faber Limited), Ralph Acompora (Altaira Wealth Management SA), Paul Wetterwald (chef stratégiste - Crédit Agricole Suisse Private Bank), Serge Ledermann (head of asset management, Banque Heritage). Moderator : Warren Giles, Bloomberg

Marc Faber : ultra-low interest rates making it difficult to value assets in developed economies

Marc Faber :"U.S. and European interest rates are negative in real terms, the rate of inflation is significantly higher than what governments are saying," Marc Faber told Reuters yesterday 15 September 2010.
"You can see it when you pay for your insurance premiums, your groceries, your child's pre-kindergarten schooling in New York there has been a loss of pricing power for most people."
Via www.Reuters.com

Mohamed El-Erian, Yen Intervention Unlikely to Succeed

Sept. 15 (Bloomberg) -- Mohamed El-Erian, chief executive officer of Pacific Investment Management Co., talks about Japan's intervention in the foreign-exchange market to weaken the yen. El-Erian, speaking with Tom Keene and Ken Prewitt on Bloomberg Radio's "Bloomberg Surveillance," also discusses the ineffectiveness of economic policies. (This is an excerpt. Source: Bloomberg)

Marc Faber : UAE market only in a bottoming phase

Celebrated analyst Dr Marc Faber told ArabianMoney he thought that the UAE stock market is ‘probably in a bottoming phase’ rather than at the start of a major rally as some market participants clearly hope.
The 2.4 per cent rise in the Dubai Financial Market on the first day of trading after Ramadan was fairly subdued considering that the Dubai $23.5 billion debt deal had been finally announced at the weekend. Trading volumes doubled, but then they have been very low. Abu Dhabi stocks also gained but by even less than Dubai.
read article

Geopolitical Problems Will Rise In The Next 10 Years

Marc Faber :Geopolitical Problems Will Rise In The Next 10 Years
"I believe geopolitical problems will rise in the next 10 years and could have a devastating impact on financial assets.""Gold and silver, in an environment of money printing and geopolitical problems, will one day be worth substantially more,"


Read more: http://community.nasdaq.com/news/2010-09/kitco-econference-coverage-gold-holds-value-free-from-default-riskfaber.aspx?storyid=36181#ixzz0zV8ZXTxc

in Kitco e-conference

Marc Faber: I am ultra pessimistic !

The Interview is in German

The Swiss Stock market expert, Dr. Doom, crash prophet - or simply Marc Faber. Whenever the mood seems to tilt his analysis of the markets are in demand. The Language Resource interview he talks about the flood of money by central banks and crash trends on the stock exchanges.
Sorry nu subtitles are available for now....

Marc Faber : Prepare for October Stock Market Plunge

Marc Faber Says Prepare for October Stock Market Plunge to be followed by a rally into the end of the year. More Quantitative Easing may not please the markets.
Marc Faber :"I think that there are people who have extreme views either extremely bullish or extremely bearish. I think we maybe in a kind of a trading range whereby first we go down somewhat into October-November and then rally again towards the end of the year.
I think the difficulty is what to do with money when interest rates are essentially at zero on US dollar then obviously people look at their portfolios and they see stocks that have dividend yields. In Singapore, Thailand, Malaysia, you can have stocks yielding 5% on the dividend. So, the money flows essentially into these stocks."
"We have touched 1,010 at the low point and we trade it several times around 1,040. Though there is some support there, but I wouldn’t bet that it’s not going to be broken on the downside. The fact is simply the economy is not doing well and it is very likely that they will have more monetary easing and further stimulus packages. I am not sure that the stock market will take that well, maybe the stock market won’t be very happy about additional stimulus, more interventions into the free market. Though anything could happen, but let’s put it this way that I do not think that we will go and breakdown below the March 2009 level. I think that may have seen a major low and that we will be in a kind of a trading range around this level we are at here. "

Marc Faber: Dividend Yields Will Attract Equity Investors

Marc Faber on moneycontrol Sept 08 2010 

 

Marc Faber : "I think that there are people who have extreme views either extremely bullish or extremely bearish. I think we maybe in a kind of a trading range whereby first we go down somewhat into October-November and then rally again towards the end of the year.

I think the difficulty is what to do with money when interest rates are essentially at zero on US dollar then obviously people look at their portfolios and they see stocks that have dividend yields. In Singapore, Thailand, Malaysia, you can have stocks yielding 5% on the dividend. So, the money flows essentially into these stocks."
"We have touched 1,010 at the low point and we trade it several times around 1,040. Though there is some support there, but I wouldn’t bet that it’s not going to be broken on the downside. The fact is simply the economy is not doing well and it is very likely that they will have more monetary easing and further stimulus packages. I am not sure that the stock market will take that well, maybe the stock market won’t be very happy about additional stimulus, more interventions into the free market. Though anything could happen, but let’s put it this way that I do not think that we will go and breakdown below the March 2009 level. I think that may have seen a major low and that we will be in a kind of a trading range around this level we are at here. "
"I think what is frequently overlooked are geopolitical tension and the relationship between India and China have deteriorated lately. I think we may have geopolitical events that could play a role in valuation of asset. That’s why I tell people they should have some money in physical gold."...etc...

El-Erian Says Bond Inflows Too Much of Good Thing: Tom Keene

Sept. 10 (Bloomberg) -- Pacific Investment Management Co.’s Mohamed A. El-Erian said business is booming at the world’s largest manager of bond funds and that isn’t a good sign for the U.S. economy.

Net inflows into bond funds reached $120 billion year to date at the end of August as investors became more risk averse, Pimco’s chief executive and co-chief investment officer said in a radio interview today on “Bloomberg Surveillance” with Tom Keene. Newport Beach, California-based Pimco oversees more than $1.1 trillion of assets and runs the $248 billion Total Return Fund, the biggest bond fund by assets.
read article on Businessweek >>>

Marc Faber on The Indian market

Marc Faber :" I think that in general if someone has no money in India, I would over a time stimulate Indian shares. As I mentioned to you I think the market technically doesn’t look good. We may go down first before we rally further, if at all, maybe we don’t even rally as I said maybe we are in a trading range in India between 13,000 and 19,000. But if I had too much exposure in Indian shares I would definitely reduce the position."

Marc Faber : US Stock Market Outlook

Marc Faber :"We have touched 1,010 at the low point and we trade it several times around 1,040. Though there is some support there, but I wouldn’t bet that it’s not going to be broken on the downside. The fact is simply the economy is not doing well and it is very likely that they will have more monetary easing and further stimulus packages. I am not sure that the stock market will take that well, maybe the stock market won’t be very happy about additional stimulus, more interventions into the free market. Though anything could happen, but let’s put it this way that I do not think that we will go and breakdown below the March 2009 level. I think that may have seen a major low and that we will be in a kind of a trading range around this level we are at here. "
Watch The Interview with Money Control >>>>

Marc Faber : people should have some money in physical gold

Marc Faber on moneycontrol Sept 08 2010 

 

Marc Faber : "I think that there are people who have extreme views either extremely bullish or extremely bearish. I think we maybe in a kind of a trading range whereby first we go down somewhat into October-November and then rally again towards the end of the year.

I think the difficulty is what to do with money when interest rates are essentially at zero on US dollar then obviously people look at their portfolios and they see stocks that have dividend yields. In Singapore, Thailand, Malaysia, you can have stocks yielding 5% on the dividend. So, the money flows essentially into these stocks."
"We have touched 1,010 at the low point and we trade it several times around 1,040. Though there is some support there, but I wouldn’t bet that it’s not going to be broken on the downside. The fact is simply the economy is not doing well and it is very likely that they will have more monetary easing and further stimulus packages. I am not sure that the stock market will take that well, maybe the stock market won’t be very happy about additional stimulus, more interventions into the free market. Though anything could happen, but let’s put it this way that I do not think that we will go and breakdown below the March 2009 level. I think that may have seen a major low and that we will be in a kind of a trading range around this level we are at here. "
"I think what is frequently overlooked are geopolitical tension and the relationship between India and China have deteriorated lately. I think we may have geopolitical events that could play a role in valuation of asset. That’s why I tell people they should have some money in physical gold."...etc...

Marc Faber appointed at The Colvin & Co. Advisory Board

Colvin & Co. LLP today announced the appointment of Dr. Marc Faber, Dr. William Wilson, and Mr. Tom Olson to its Advisory Board.

"Dr. Faber, Dr. Wilson, and Mr. Olson are some of most respected experts in their fields. We are very excited to have them join Colvin & Co.'s Advisory Board," said Greyson Colvin, Managing Partner. "Their expertise and advice will be very valuable to Colvin & Co.'s investment strategy and its new farmland fund, Colvin Farmland LP."
via www.marketwire.com

Marc Faber : Printing more money leading to disaster

"It is a fallacy to believe that easy money and the purchase of treasuries will boost economic activity in the US," Marc Faber told Bloomberg in a phone interview from Thailand. "Money will flow into equities at least over the next couple of weeks, and into commodities," Faber said.

"Over the last two years we eased massively in the US and where did the growth take place? In Asia". "So when we talk about job creation, do you think that Intel or a small businessman will hire more people in the US because of further monetary printing?" he asked.

"No! they will build factories in Asia and hire people in Asia and all the monetary policies in the US create mis-allocation of capital and unintended consequences," Faber explained.

Marc Faber : It is a fallacy to believe that easy money and the purchase of treasuries will boost economic activity in the US

"It is a fallacy to believe that easy money and the purchase of treasuries will boost economic activity in the US," Faber told Bloomberg in a phone interview from Thailand. "Money will flow into equities at least over the next couple of weeks, and into commodities," Faber added

"Over the last two years we eased massively in the US and where did the growth take place? In Asia". "So when we talk about job creation, do you think that Intel or a small businessman will hire more people in the US because of further monetary printing?" "No! they will build factories in Asia and hire people in Asia and all the monetary policies in the US create mis-allocation of capital and unintended consequences," Faber added
"In my view over the next 10 years, Treasuries will be a disaster for investors,"
he said.

Niall Ferguson : Calling a Double-Dip Is Going Too Far

Sept. 3 (Bloomberg) -- Harvard University historian Niall Ferguson talks about the outlook for the U.S. and global economy. The August payrolls report may show the U.S. economy lost 105,000 jobs, the third straight monthly decline, according to the median forecast of 81 economists surveyed by Bloomberg News. Ferguson speaks in Cernobbio, Italy, with Francine Lacqua on Bloomberg Television's "Global Connection."

Marc Faber : Money will flow into Equities and Commodities at least over the next couple of weeks,

In a phone interview from Thailand Marc Faber told Bloomberg that : "It is a fallacy to believe that easy money and the purchase of treasuries will boost economic activity in the US,"

"Money will flow into equities at least over the next couple of weeks, and into commodities," Faber added.

"Over the last two years we eased massively in the US and where did the growth take place? In Asia".

"So when we talk about job creation, do you think that Intel or a small businessman will hire more people in the US because of further monetary printing?" he asked.

"No! they will build factories in Asia and hire people in Asia and all the monetary policies in the US create mis-allocation of capital and unintended consequences," Faber explained.

Click Here to watch The Interview>>>

Marc Faber : Silver could go over $20 an ounce but Gold is better for investors

Quotation from Marc Faber's Monthly Market Report: "A break out above $20 could lead to a powerful upside move " In the very short term silver could have more upside (if it breaks $20) but Marc Faber likes gold better because it is more of a monetary metal. Investors need to have a large amount of gold in their portfolio for proper diversification.

Bond Bubble Gets Bigger

How investors should manage their portfolios, with Dan Cook, IG Markets, and Gibson Smith, Janus Capital Management.