Saturday, September 5, 2015
Marc Faber : Asian Yields & Dividends higher than American Stocks despite The Volatility
“I will still bet on Asian stocks despite the volatility,” Dr. Marc Faber said Yesterday at the World Capital Market Symposium 2015 organised by the Securities Commission in MANDARIN ORIENTAL HOTEL KUALA LUMPUR Malaysia .
On China, Faber said, the country’s global consumption has grown to 47% versus 12% 15 years ago, and this was not something to disregard despite the country’s economic slowdown.
“China’s growth bubble has burst and in my opinion could already be in recession. However, China is still an economy that investors cannot and should not overlook despite this,” he said.
On the South-East Asian economies, Faber said, Asean in general was an incredibly valuable region even if it has not been attractive to invest in because of the political imbalance.
“The region, as a whole, needs to iron this out and if this is possible, it will definitely emerge as an economic superpower,” he said. - source : www.freemalaysiatoday.com
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.