Tuesday, July 15, 2014
Marc Faber: We have to be very careful with the Data published by Governments
ET Now: The metals and PMI data for India and China are showing some positive traction. Do you see an upside for higher FII flows in these economies?
Marc Faber: We have to be very careful with the data that is published by governments. I do not think that the Chinese economy is accelerating on the upside.
Trend wise, Chinese growth will slow down from, say, around 10% annually in the last 10 years or so to a range of, say, 4% to 6% annually, but you have two huge countries -- China and India.
Some sectors of the economy may grow and some companies may grow, but in general trend wise, both in India and in China, we will have slower growth in the next 10 years than we have had in the past. If India can grow at 5-6% per annum, it will be very lucky. - in ET Now July 2014
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.