MARC FABER

MARC FABER

Sunday, December 27, 2009

Great opportunities in India Real Estate Market says Marc Faber

Marc Faber sees Great opportunities in India Real Estate Market and Indian banks are sound and clean he says



In countries like India, Vietnam and China, real estate and infrastructure offer quite a huge potential. As transition happens in smaller cities, these sectors would benefit the most," he said. Commenting on the Indian stock markets, Faber said in an interview with ET Now , Marc Faber alsobelieves that Indian banks are relatively sound and clean in comparison to the Western world. :
"I think we had this huge intervention in the world. But if you look at the cause of the financial crisis, it was excessive credit growth and essentially the private sector has reacted rationally. After 2008, the private sector has reduced its leverage. In other words, the consumer credit is declining and business credit is also declining but this is being offset by a huge expansion of government credit. So total credit as a per cent of the economy in the US is still growing. Officially the debt to GDP is 375 per cent. It was 186 per cent when the US went into depression after 1929. "

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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.