Thursday, February 11, 2016

Marc Faber: Over 5 Thousand Years We've Never Had Negative Rates

 Air Date: Feb. 11th, 2016











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.

Marc Faber : I like both IT and Pharma


ET Now: Good to hear that. Finally you are turning bullish on Indian stocks. Since you do not track individual stocks and companies, I am going to ask you a very broad top-down question. Broadly Indian stock markets have got two legs -- the domestic leg and the export leg. The export leg is mounting on two industries - IT and pharma. The domestic leg is a function of infrastructure and consumption. So which leg do you think is looking stronger and better?

Marc Faber : As it happens, to some extent, I like both sectors because I think in India productivity can be improved a lot and that the export sector - IT and pharma, has a great longer term potential. Talking about valuations, some maybe stretched. Domestic consumption is very important but some consumer related stocks in India became overpriced like NestleBSE -1.30 % was selling at over 50 times earnings last year. Now it has come down somewhat. I believe this and this applies to other countries as well. I was recently at the ETF conference. It was in Miami and it is all now indexed market where stock selection and sector selection has become very important. I believe smaller funds will have a better potential to actually outperform the huge ones that are managing $100 billion or $500 billion.

Read more at:http://economictimes.indiatimes.com/articleshow/50926523.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst









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.

Wednesday, February 10, 2016

Marc Faber : The Government is a Cancer


ET Now: So how should investors approach the current market scenario and can India stand out in this stormy environment?

Marc Faber : I think that investors by and large have to shift their strategy and they need to focus on the question: how do I lose the least money? Number two, I think the governments have to focus on the question -- have we intervened too much? Are we becoming socialistic or a centrally planned economy? I can tell you,  I have been visiting centrally planned economies from Czechoslovakia in 1968 to Russia in 1980, China in 1978, Vietnam in 1989. The centrally planned economy is a complete disaster and we have to go back to the individual, taking personal responsibility and when something goes wrong, people should not say the government should do this, the government should do that. You must remember, the government cannot help you. The government is a cancer and it can only temporary boost economic activity by throwing money at the system or by launching a huge spending packages but in the long term, government's expansion efforts have a negative impact on the free market.

Read more at:http://economictimes.indiatimes.com/articleshow/50926523.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst








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.

Dr. Marc Faber Tomorrow's Gold







Dr. Marc Faber author of the Gloom, Boom and Doom report is a world class Investor, Doctor Faber 's typically controversial and contrarian views have earned him the label of Dr. Doom. Doctor Doom also trades currencies and commodity futures like Gold Natural Gas and Crude Oil.Even his harshest critics must admit that he's been unerringly correct in his market forecasts over the past three decades . Marc Faber is a Swiss investor.He was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude. Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, which acts as an investment advisor and fund manager. Faber is publisher of the Gloom Boom & Doom Report newsletter and is the director of Marc Faber Ltd which acts as an investment advisor and fund manager.