Faber suggest investing in land, in commodities such as gold and agricultural products

Faber was the main speaker at the annual dinner Thursday night of the CFA (Chartered Financial Analyst) Society of Madison, at the Sheraton Madison Hotel. About 200 people attended.

Americans are short-sighted if they invest only in U.S. companies, internationally known investment adviser Marc Faber told a Madison audience Thursday.
“Emerging economies are no longer the poor cousins of developed (countries). There has been a huge transfer of wealth ... to emerging economies,” Faber said in an interview.
“If you just focus on the U.S., it’s a huge mistake because the U.S. is no longer that relevant to the global economy,” he said.
“In the U.S., standards of living have certainly not improved over the last 20 years and, in my opinion, have rather gone down for the middle class and for the working class. In inflation-adjusted terms, their incomes haven’t gone up at all,” Faber said.
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