MARC FABER

MARC FABER

Thursday, June 2, 2011

Mish Shedlock, what Recovery , there is no Recovery

Mike Mish Shedlock , of Sitka Pacific Capital : we are seeing weakness across the board , we are seeing weakness in Australia we are seeing weakness in China , Italy came out today with an unexpected plunge in retail consumer spending , so where all does that lead ? and only so much of this you can blame on Japan I mean the whole world is not collapssing because we could not get auto parts from Japan


Marc Faber : Real Estate in the US is very inexpenssive

Marc Faber : ...well I do not like treasuries for the long run but I think they could rally somewhat for the next three months you know they are not going to collapse for the next three months , and the dollar will probably strengthen against the Euro for the next three months that will be my impression , so if you have large exposure to foreign currencies I would rather now move back to US dollars , I think there is an asset class in the US that is inexpensive but it won't go up but it is inexpensive is real estate , yes very inexpensive compared to the rest of the world ...in investment you have to be patient , the impatient people they always buy things that are moving right at the end of their trend like the NASDAQ in year 2000 like commodities in year 2008 at the peak and so forth and so on ...you better buy things that are depressed even if you have to wait five years but they offer some value" ...in Bloomberg TV
MARC FABER BLOG

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.