Sunday, July 22, 2012

Marc Faber : Stocks are Cheap in Europe

Marc Faber - Everything Financial Radio Interview - Dennis Tubbergen Show - 15 July 2012 : ...I look at Europe from an investment point of view and as an investor I do not think it really matters whether the euro falls apart or not , if it does not fall apart the economy in Europe will not grow and if it falls apart the economy will grow from a lower level , so it does not really matter , the fact is simply that two years ago there was Euro Optimism ..and now there is euro pessimism that is widespread and the markets in Portugal Italy Spain Greece France are near the 2009 lows or below these lows ..... all I am saying is that now stocks in Europe are cheap ....
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Labels:Marc Faber Dr. Doom

Dr. Marc Faber Tomorrow's Gold







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.