Saturday, February 5, 2011

Marc Faber interview with BBC Business Daily 24th Jan 2011

Marc Faber interview with BBC's Business Daily 24th Jan 2011

Marc Faber : ...I am very negative about the world, because I think that what caused the crisis in 2008 was excessive credit growth, excessive leverage in the system, and now the private sector is deleveraging, but governments are printing money, and through huge fiscal deficits are creating even more debt growth. So in other words, what killed the economy is now being applied to revive the economy, and I think this will lead to a disaster. But if you think it through and you believe in the disaster scenario I'm envisioning, then you will be better off in equities and in commodities than in government bonds and cash...etc...

Marc Faber : The Indian stock markets could see a correction of around 20%

Marc Faber :.."...You have lost 8%, but before that, the Indian stock markets went up by more than 100%. So, 8% is a moderate correction which may continue from the top to the bottom. It would not be surprising to see a correction of around 20%....."

Marc Faber : I do not think I would necessary invest in Venezuela

Marc Faber :"...I do not think I would necessary invest in Venezuela and my concern about commodities and warrants on China, mainly economies that have larger exports to China than to the United States, is that some time in 2011 or 2012, there will be disappointments coming out of China. The most vulnerable assets are assets that are tied to the Chinese economy, precisely like industrial commodities, copper and currencies of countries like Australia and Canada and also their stock markets...."
in ET Now

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.

Dr Faber studied economics at the University of Zurich and, at the age of 24, obtained a PhD in economics. He publishes a widely read monthly investment newsletter The Gloom, Boom & Doom Report, which highlights unusual investment opportunities, and is the author of several books, including Tomorrow’s Gold – Asia’s Age of Discovery which was first published in 2002 and highlights future investment opportunities around the world. Tomorrow’s Gold was for several weeks on Amazon’s bestseller list and has been translated into Japanese, Korean, Thai and German. A regular speaker at various investment seminars, Dr Faber is well known for his contrarian investment approach. He is also associated with a variety of funds.