Approximately" translated from German to English : Source : http://www.institutional-money.com/news/?tx_ttnews[tt_news]=37718
Suicide or prefer real estate in the U.S. southern states?
Gloomy Faber, was pessimistic and wore with suicidal thoughts, are also reflected in its allocation recommendations: government bonds are not considered. About one quarter of the funds should allocate investors in corporate bonds, property, equities and precious metals and cash. Faber held to date quite a lot of Asian real estate, recently he finds fallen sharply in price U.S. Southern attractive properties: Even if real estate in the U.S. often have a low quality buildings, as were returns of eight percent per year to achieve. Apparently locates Dr. Doom has bottomed and a turnaround in the U.S. housing market.
For land and house purchase Faber also recommends proactive citizens and investors, best away from the big cities. In his opinion, the system will tip over, because by monetary policy was too late to save the existing system. Eventually, no more money would come from the ATMs more and then enter the "Doom" scenario of politics, nothing was to be expected, on the contrary. "! Politicians will ruin us," cried Faber to the present, the slightly paler the hall left, as they had entered into.
Source : http://www.institutional-money.com/news/?tx_ttnews[tt_news]=37718
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.