Tuesday, January 31, 2012

Marc Faber : Housing is bottoming out

Marc Faber : It is difficult to measure economic growth because you must make so many adjustments in different industries. In the U.S., for example, housing is bottoming out. For the first time in a while, household formation is increasing. But while this segment of the economy is stabilizing, a tax break allowing companies to write off 100% of new capital expenditures has just expired. - in The Barron's Roundtable Jan 2012
Bookmark and Share

Dr. Marc Faber Tomorrow's Gold





Dr. Marc Faber author of the Gloom, Boom and Doom report is a world class Investor, Doctor Faber 's typically controversial and contrarian views have earned him the label of Dr. Doom. Doctor Doom also trades currencies and commodity futures like Gold Natural Gas and Crude Oil.Even his harshest critics must admit that he's been unerringly correct in his market forecasts over the past three decades
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.