Singapore, Hong Kong , unlike The US are Wealthier than 15 years ago

The difference between the wealth and income inequality in Singapore and Hong Kong, and that in the US, is that most people in these two cities (the so-called 90%) enjoy better living conditions than 15 years ago and their net worth has appreciated, whereas in the US this is not the case.

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

I would hold Physical Gold. Preferably in Singapore, Hong Kong or other Asian countries

 Marc Faber : All I want to say, I would hold physical gold. Preferably probably in Singapore, Hong Kong or other Asian countries. And gold shares are a trading opportunity because they’re so oversold and along with the performance of gold prices they should re-bounce quite strongly. - in goldswitzerland

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

Marc Faber : I own some issues in Hong Kong, but without great enthusiasm

Marc Faber : I don't know how the world will look in five years, so I have heeded Ray Dalio's advice to diversify. [Dalio heads the investment firm Bridgewater Associates.] I keep 25% of my assets in equities. I haven't shorted anything yet, although I am tempted to short the S&P or the Russell 2000. I don't own U.S. stocks, but I hold some Asian shares, including Singapore real-estate investment trusts, which I will discuss momentarily. Markets in the Philippines, Indonesia, and Thailand have quadrupled from their post crisis lows, and aren't attractive any more. But I still hold some shares in these markets with relatively high dividend yields.
Three other Asian markets—Japan, Vietnam, and China—performed miserably for most of last year. I'm not keen on Chinese equities, but if conditions worsen and China prints money like crazy, the currency will weaken and stocks will rise. I own some issues in Hong Kong, but without great enthusiasm. I own Swire Pacific [ticker: 19.Hong Kong], Hang Seng Bank [11.Hong Kong], Sun Hung Kai Properties [16.Hong Kong], and Fortune REIT [778.Hong Kong], which owns shopping malls. One China play I like is China Mengniu Dairy [2319.Hong Kong]. - in Baron's

Marc Faber on Bloomberg: China Economy May Crash in Next 12 Months 03 May 2010

All Governments in the western world have to be bailed out it's either gonna be through money printing or default

Marc Faber :"well i think it is another process of monetization , we have now synchronized the monetization in the world and what I mean is that essentially the Euro will remain weak and there will be more bailouts and for Greece this means terrific austerity and terrific recession , now the problem with the recession in Greece if you diminish the deficit from 30% in GDP o 3% is that as the economy shrinks the ability of Greece to pay its interests will also diminish and so they may default sooner or later anyway , but in the meantime certainly that is not optimistic or favorable for the Euro but it is of course favorable for resources , I'd like to add about resources that tax that Australia is introducing is negative for the companies that produce resources but it is positive for the commodities because it will contain the supply"
"I can tell you all the government have to eventually be bailed out in the western world it is either gonna be through money printing as I think or default , but they are over indebted especially if you consider the unfunded liabilities that arise from future pensions from social security medicare medicaid and so forth it does not add up , they 'll all default or they'll all print money but the outcome won't be pretty that I assure you "
The best is to swallow the hard medicine , when you have a financial problem to let companies that are weak go bankrupt and the same in the world , if you have weak governments , you have to look at Greece like a corporation there is no way that Greece can pay its debt it is over indebted the debt has to be restructured and not just shifted to the EU , so the best would have been essentially to leave the EU and default but of course that is unacceptable for many governments because the banks have lend too much money to Greece already "
Marc Faber, publisher of the Gloom, Boom & Doom report, talks with Bloomberg's Haslinda Amin about the outlook for China's economy. Faber, speaking from Hong Kong, also discusses Greece's debt crisis and the euro, the commodities market, and the implications of political unrest in Thailand for the nation's economy and stock market.




Dr. Marc Faber also known as Dr Doom is an investment adviser, investment analyst and fund manager author and publisher of the Gloom Boom & Doom Report ,and the author of "Tomorrows Gold" . Dr Faber is known for his contrarian investment approach. Dr Marc Faber is associated with a variety of funds and is a member of the Board of Directors of numerous companies.
In 1987 he warned his clients to cash out before Black Monday on Wall Street. He made them handsome profits by forecasting the burst in the Japanese Bubble in 1990. He correctly predicted the collapse in US gaming stocks in 1993; and he foresaw the Asia-Pacific financial crisis of 1997/98 and the resulting global volatility. Dr Doom motto is "Follow the course opposite to custom and you will almost be right"
Mr. Faber is also the author of several books, including Tomorrow’s Gold – Asia’s Age of Discovery, and is a director of Ivanhoe Mines Ltd. , a mining firm focused on the Asia Pacific region. He is also an adviser to a number of private investment funds.