Marc Faber News Blog Investments and Trading Ideas - A Tracking Blog About Dr. Gloom Boom & Doom Marc Faber , Daily Tracking of Dr. Marc Faber Investment Strategy , Market analysis , Outlook & Media appearances
Sunday, January 12, 2014
Thai Banks Are Safer Than Many Western Banks
Now I happen to believe if you have money on deposit in Thai banks, it's
much safer than if you have deposits with Citigroup, UBS, Royal Bank of
Scotland and so on, because Thai banks don't have huge derivative
portfolios. JPMorgan, they have trillions of dollars in derivatives.
Nobody knows how to value this 'garbage.' - in China Post
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.