In Europe we have a flat inaudible Economy

REGAN: So in fact you see the global recovery as not really happening, that we are in an increasingly weak global environment as you look around. And certainly we see some poor data that indicates that out of Asia and Europe.

FABER: Yes. I think that in Europe we have essentially a flat (inaudible) economy. Now maybe a year they will grow at 1 percent and the next year they’ll contract at 1 percent, basically you can’t expect much growth from Europe. In China, we have now obviously – and this is well documented – a meaningful slowdown in economic growth. As a result, China also buys less resources from the resource producers in the world, from Argentina to Brazil, over (inaudible) Asia, central Asia, Russia (inaudible) and so on. And this has all an impact on these countries’ economies, and so they themselves are buying less goods from the Western world and you have the potential of a downside spiral.

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.

Europe Will Monetize, It Will Postpone The Problem

The big picture endgame in Europe is that they will also monetize like in the US and that will postpone the problem, but it will not solve it. - in Fox Business News

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Markets in Europe have made major lows

For the first time in my life, I bought European shares, and I plan to buy more. I wasn't optimistic for a long time, although I bought some Swiss insurance stocks after the crisis in 2009. Then, last May, I took another look, as sentiment was so negative. The S&P had doubled from its 2009 lows, yet many markets in Europe were at or below their 2009 lows. Something was out of sync.

Markets in Europe have made major lows. But investors don't fully comprehend what happened in Cyprus. In the event of future bailouts, bank depositors will lose a percentage of their money. Money in the bank isn't 100% safe anymore. That's why I own stocks, and corporate bonds, and real estate.


Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Marc Faber : Invest in Europe Now

Marc Faber: You talk about commodities having outperformed stocks? That is not quite correct. Agricultural commodities have done well recently, but say industrial commodities have underperformed equities over the last two years. I would say the opportunity in my opinion, and as I have written about this in my reports, is essentially to now pick up some European shares at very distressed valuations. Two years ago a book was published 'Invest in Europe Now'. Of course the timing was not particularly good and the markets since then in Europe have completely imploded. Now recently the markets have bounced off their lows in the case of Italy, Spain, Portugal and France by between 18% and 30% from the lows in June-July. The correction is now coming, but I do not think we will see new lows because whereas two years ago the sentiment was very optimistic about the Euro and about Europe, now it is at an extremely negative reading. There is nobody who has anything favorable to say about Europe, but stocks are at discounting mechanism and they have pretty much discounted all bad news. - in ET Now
Click here to watch the full interview>>>>>>

Marc Faber : The Germans not happy with The PIIGS bailout

Marc Faber McAlvany Interview 23 February 2011

- Germans not happy with bailout of P.I.I.G.S.
- “The budget will never again be balanced”
- Even if commodities drop, gold should still rise
there is great opposition of Germany being part of the Eu amongst the German public says Marc Faber , the german public is probably not particularly happy about the bailouts to the PIIGS countries, there is opposition of Germany supporting countries like Greece that have basically abused the system ....Faber explains

Spain and Europe Debt Crisis

Dec. 21 2010 | Gilles Moec, senior European economist at Deutsche Bank joined CNBC on Tuesday with the Spanish parliament due to vote on the country's 2011 budget and after the country's last scheduled debt auction for 2010.

MARC FABER on The Rotten Apples of Europe

MARC FABER : Ireland,Spain,Greece,Portugal,Belgium are the rotten apples.




Marc Faber :...I think what you need to avoid are government bonds , now can they rally for ten days , could be the case but in general you do not want to be in sovereign bonds certainly not of countries like Spain Portugal Greece Ireland Iceland and so forth because they would have to be restructured . but the problem is usually when you have bad apples in your family the whole family becomes rotten so all the European governments in my opinion will have government debt that probably will become difficult to pay off or even meet the interest payment on the government debt ......The world has over six billion people we have 1.3 billion in China one billion in India and I live in Asia , Asia has 3.6 billion people it's a growing region it's demographically young with the exception of Japan and so I have a special knowledge about Asia and therefore I also invest in Asia and I have two or three investments in Switzerland but hardly any.....
On a global scale whether Ireland exists or doesn't exist even if Spain exists or doesn't exist , or Belgium exists or doesn't exist it's completely irrelevant , it's sad to think of one's self that I am completely irrelevant but that's a fact of economic life today .......