MARC FABER BLOG: 05/18/12

Friday, May 18, 2012

Outlook for the Eurozone and Greece

Marc Faber : First of all, this is a political sensation by the European leaders. I think 3-5 years ago the best solution would have been to kick out Greece and of course the politicians. In my view, the day Greece exits the Eurozone, the market will walk out and then the rally. - in NDTV interview
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China Slowdown Causing Global Market Slowdown

Marc Faber : Well, why industrial commodities are weak has nothing to do with Greece. Greece is an unimportant player in the commodities market. Industrial commodity prices have performed miserably as well as the mining company because they anticipate or because they smell more meaningful downing in the Chinese economy, about which I have been warning for the last 6-9 months. - in NDTV interview
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Outlook for The Indian Market

Marc Faber : We have to distinguish between the economy and the performance of financial markets. The Indian market is obviously co-related to other markets around the world and I think they are now also somewhat oversold. We can have a relief rally but obviously no new highs. The margin may be between 12,000 and 16,000.- in NDTV interview
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The realistic projection of the GDP Growth of China

Marc Faber : I wouldn’t rely too much on statistics published by any government including the Indian government. However, according to my statistics, I think China may only grow 3-5 per cent. - in NDTV interview
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Why Industrial Commodities are Weak

Dr. Marc Faber Short Bio

Who is 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 . Marc Faber is a Swiss investor.He 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. Faber is publisher of the Gloom Boom & Doom Report newsletter and is the director of Marc Faber Ltd which acts as an investment advisor and fund manager.