Friday, May 15, 2009

Asian Banks are Non-Toxic

Asian banks don't have the same problems with toxic assets that are affecting Western markets, says Marc Faber, editor & publisher of 'The Gloom, Boom & Doom report, he was interviewed this morning by CNBC. Faber and Bob Parker from Credit Suisse discuss their investment strategies and how can you save your assets and saving in a hyperinflation scenario and a probable dollar collapse ....Marc Faber says that Asia has still many attractive sectors and its banks are sound unlike the West...good investmenst opportunities also in Turkish funds and Russia according to Marc Faber ....
Marc Faber says that his investment strategy is based of the fact that we are going to have a hyperinflation in the next 10 years much worse than anybody can expect , so you have to buy assets , cheap assets NOW before the tsunami hits ...the mining sector is a good investment opportunity

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