Tracking Dr. Marc Faber's Investment Strategy , Market analysis & Outlook and Media appearances
Friday, January 27, 2012
Marc Faber not very bullish & not very bearish about the Markets
Marc Faber : well my sense (about the market ) is I wished I could be very bullish and I wished I could be very bearish , but I can't be very bullish because nothing has changed we have incredible corruption in the system we have essentially the Wall Street dominance of lots of sectors of the economy and banking dominance where the banks go to government officials and say Oh if we are not bailed out the whole world will collapse then the politicians who are clueless they believe that when actually the easier solution would be to to reimburse local depositors and let the rest go bust , the world would not suffer if the derivative market would shrink by 90 percent believe me , the worker in an automobile plant he would not feel it but of course the bankers will feel it , the financial sector would feel it they will have to lay off a very large number of people so basically that is my concern - in This Week in Money
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.