Friday, April 24, 2015

Greece is Bankrupt & Should Default







Greece is bankrupt and should default, well-known investor Marc Faber told CNBC on Friday. "Even if Greece grows at 10 percent per annum for the next ten years, it will not be able to pay its debts back. It's bankrupt. We better face the reality and not kick the can the can down the road. Greece should default," Faber said. But he added that while Greece could leave the Eurozone and adopt a parallel currency, geopolitics are coming into play and there is no appetite in Europe to let the country exit from the single currency bloc.





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.

Thursday, April 23, 2015

Each Commodity has its own Price Dynamics




We have to distinguish because the price of oil has very little to do with the price of orange juice or coffee. So each commodity has its own price dynamics driven by global production and global demand. Now industrial commodities have performed miserably along with emerging markets over the last couple of years because the demand was slowing down especially from China. So, you have prices of iron ore and steel and copper and oil that have collapsed. I happen to think that at this level a lot of commodities are reasonably priced, does not mean they will go up right away. But they come now into a buying rate and I have been buying some oil stocks recently.


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, April 22, 2015

China, India & Brazil to become The New Economic Powers




Marc Faber : The world has become or has always been very complex. The major trends in the world have been and continue to be the shift in the balance of economic power from the old world -- in other words, Western Europe and the US -- to the new world, which are essentially emerging economies, notably of course China, India, Brazil and other emerging economies.
It does not mean that the west is going down in absolute terms, but in relative terms for sure when you consider the 19th century and the 20th century until about 1950. Between 1780 and 1900, colonialism in India led to a terrific de-industrialisation. The economy became less and less important as an industrial power.
The same went for China and this has changed now starting about 20 years back, and countries like India and China are becoming relative to the rest of the world and relative to the western countries, which are much more important economically. This leads to tensions. We have tensions in the Middle East. We have tensions regarding Ukraine and we have territorial disputes in Asia because for the old world, it is very difficult to understand and appreciate the changes that are occurring. They still think they can come in with aircraft carriers or with bombers and scare everybody. But that is no longer the case.





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.