Sunday, February 9, 2014

Thai Stocks still A Good Long-Term Bet

"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."Some people said this government is very corrupt. The problem is, if the Democrats come to power, they [are] also corrupt.

"I like Abhisit [Vejjajiva, leader of the Democrat Party]. I think he is very nice. I'm sure he is honest. The problem is people around and below him.""The Thai stock market bottomed out on November 28, 2008, or more than five years ago when the SET [Index] was at 380. It peaked on May 21, 2013, at 1,649. Then it dropped to 1,205 on January 6 and now it is about 1,300. We're now about 20 per cent [down] from the peak and four times the low," he said. - via Nation Multimedia

Marc Faber
Marc Faber

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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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.