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Wednesday, February 9, 2011
Marc Faber on the Russia Forum 2011
Marc Faber said that he likes the Japanese market. He would short Treasuries, and believes that expectation of inflation is now consensus.
Equities are better than debt in crisis. Gas is a good short-term trade. Commodity spikes often reverse rapidly, and he would short industrial commodities at some stage this year. Short term, equity markets look ready for a correction. Higher oil prices act as a tax on consumers. Long term, he is negative on the dollar as rates will stay far too low.
source http://2011.therussiaforum.com/news/news-04022011-5
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