Thursday, August 23, 2012

Marc Faber: Balanced Approach For the Coming Crash | McAlvany Commentary

Marc Faber sees two established trends in the last ten years one is the rally in commodities and the second is the rising of China " if you look at the years 1980 to 1998 / 2000 we were in a bear market for commodities and what has been striking for the last ten / twelve years is the very strong performance of commodities and obviously also of the Chinese economy that has really come a long way and is challenging now basically the largest economy in the world which is the United States , these are two well established trends " says Marc Faber

*Bubbles in Earnings and Treasuries
*Governments by nature are devious
*Gold as insurance against political stupidity

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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.