Wednesday, March 26, 2014
I will make more Money by Buying now in the Emerging Economies than in the US
In a recent "Squawk Box" interview to CNBC, the publisher of "The Gloom, Boom & Doom Report" had cautioned investors that the long-running bull market in US stocks runs the risk of ending badly. "Usually these long bull markets, they end badly," he said, pointing to the 1987 crash and the significant declines in 2000 and 2007. Speaking about EMs, he had then said that while it might be too early to buy some of the beaten-down emerging markets at these levels, investors can make money in the longer-term. "I think I can make the case that over the next five to 10 years, I will make more money by buying now in the emerging economies than in the US." - in MoneyControl
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.
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.