Monday, May 12, 2014

Faber's Big Bear Parade : I'm worried about a crisis bigger than 2008

I don't think the economy is recovering at all, says Marc Faber, The Gloom, Boom & Doom Report, explaining why he thinks there's more pain ahead for the economy, and why stocks and bonds will go down at the same time.

"stocks in the advanced economies are basically fully priced," he argued, and said government bonds are expensive, given their low yields.
"The most under-appreciated asset is cash," even though investors won't earn any money and will actually lose money in the long-term because of Federal Reserve-induced dollar depreciation, Faber said.
"For the next six months, maybe cash is the most attractive." He also cited the crisis in Ukraine among the geopolitical problems that serve as a negative for the financial markets.





Faber: Cash most underappreciated asset For the next six months maybe cash is the most attractive asset, predicts Marc Faber, The Gloom, Boom & Doom Report, citing Yellen as a "money printer," which Faber says depreciates the U.S. dollar.




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.

1 comment:

  1. We can't decline the fact that The most under-appreciated asset is cash, everyone is fighting for that only.

    ReplyDelete

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.