Saturday, August 29, 2015
Marc Faber : Not Much Good News for Canada
Dr. Marc Faber says U.S. equity markets are currently "extremely oversold" and that a short-term rebound may be in the mix, but he argues more pain is likely to emerge. He also highlights precious metals as the one asset class that may offer a glimmer of hope for commodity-producing economies such as Canada and some safety for investors looking to shield their investments.
"There's not much other good news for Canada at the present time," he said.
Source : http://www.bnn.ca/News/2015/8/21/Faber-warns-of-global-gloom-as-Chinas-economy-sputters.aspx
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.
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Canada will not benefit from US as US is also in same boat. The Region that looks interesting now is Iskandar in Johor State of Malaysia.
ReplyDeleteIt will benefit from the Spill Over effect of Strong Sing Dollar. Now One Sing Dollar equals 3 Ringgit.
Iskandar's FDI for Manufacturing also increased tremendously due to being the "next Shenzhen"
In Year 2013 FDI was Rm14.4 Billions
In Year 2014 FDI increased to Rm21 Billions
For 1H (6 months) of 2015 FDI Jumped to Rm27 Billions!
I think the Only Place to Boom on Planet Earth is Iskandar
I live in Singapore but visit Iskandar everyday. Please visit my blog on Iskandar at www.jbhouseforsale.com
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