"The global economy may take as long as 10 years to return to the peak level reached in 2006", Marc told the South China Morning Post.
“The crisis won’t be over anytime soon”. Still, interest-rate cuts may cause a short-term jump for stocks, including a leap of as much as 30 percent in Hong Kong within three months, Marc Faber said.
"But in the second half of the year, stocks will likely dive again because of the slowdown."
"Commodities have a very strong rebound potential” over the next few years, citing silver, platinum and palladium as investments to consider.
Mar Faber said that gold is likely to outperform U.S. stocks over the next five to 10years, and that he is adding to its investments in the metal.
Technology companies, such as Intel Corp., Cisco Systems Inc., Oracle Corp. and Microsoft Corp., also look “quite interesting,” Faber added.
Still, investors shouldn’t have more than 15 percent of assets in equities at the moment.
