Thursday, February 13, 2014

Faber Bullish on Thai Stocks over a long term despite the slowdown

Marc Faber  says that despite the slowdown of the Thai economy, he is positive on Thai stocks over a long term.
"The economy, looking forward, is going to be flat at best," he said in an exclusive interview with The Nation in Bangkok."We have to distinguish between the economy and the political situation. Although the political situation is not very good, we have a government [that] is dysfunctional and consistently intervenes in the free markets, especially the rice scheme, which is particularly unsuccessful. I suppose the government [that] Thaksin Shinawatra sits behind in exile would be re-elected. But [whether] that would be desirable or not is questionable.

"In the case of Thailand, having no government might be better," said the publisher of the "Gloom Boom & Doom Report" newsletter during an interview on the "Business Talk" programme broadcast on Krungthep Turakit TV last Friday. - via nationmultimedia

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.

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