Wednesday, February 15, 2012

Faber : In 2012 Emerging Economies will do better than the U.S.

Marc Faber: The U.S. stock market did quite well last year compared with emerging markets, which were down between 15% and 30%. If you are optimistic about equities, wouldn't it be better to wait for great buying opportunities in emerging markets? Some stocks in Singapore are down 50% from the highs in 2010, and some property companies in Singapore and Hong Kong are selling at 50% discounts to asset value. Sometime in 2012 I would rather be more positioned in emerging economies than the U.S. - in The 2012 Barron's Roundtable
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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.