Tuesday, March 8, 2011

Shadow Stats John Williams, on The Government Budget - Financial Sense Newshour Mar/08/2011

Financial Sense Newshour Mar/08/2011 : John Williams, Executive Editor of Shadow Government Statistics Discusses the Government Budget and the Unstoppable—Runaway Government Spending

Marc Faber top equity pick - Japan. - CNBC 07 March 2011

Mar. 7 2011 : 
Japanese Markets Are Attractive says Dr Marc Faber, Editor & Publisher of The Gloom, Boom & Doom Report he also talks about his top equity pick - Japan.

Marc Faber : you should be long Oil and energy shares

CNBC Tuesday 08 march 2011 : Marc Faber " what we had on the oil market in the last couple of years is essentially reduction of demand from the developed World from the United States western Europe Japan , and continuous growth in the emerging economies , so if you take a very optimistic view of the world namely a global economic recovery demand in the western world will pick up and demand in the emerging world will continue to rise very strongly, and so from a very optimistic point of view, you should be long oil.Of course we have had a huge run up and I think energy shares and oil is due for a correction but in an optimistic scenario you should be long Oil and also other industrial commodities , in a very pessimistic scenario you have to assume that unrest will shift also to Saudi Arabia and other countries in the gulf, and at that stage, maybe production may be curtailed, and in that case, obviously oil would go up ballistically... " Marc Faber told CNBC on Tuesday 08 march 2011 "Oil prices will spike up before additional production will come into play ....yes you can increase the production but to increase the reserves it is very difficult and very costly and the fact is simply that the world is burning more oil than it is adding in reserves every year So the level of overall proven reserves, or the existing oilfields - that production will go down,so you have to find new oil fields or develop new ones over time and that is very costly " Marc Faber added

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.