“The Chinese government is one of the few governments in the world that knows its GDP numbers three years in advance. I’d be a bit careful about China.” Marc Faber, CNBC
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.
31 July, 2009
30 July, 2009
"I am 100% Sure That The US Will Go Into Hyperinflation"
“I am 100 per cent sure the US will go into hyperinflation. Buy a US$100 bond and frame it to teach your children about inflation by watching the US bond value diminish to almost nothing over the next 20 years." Marc Faber
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.
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.
29 July, 2009
"The Next Bubble Can Be In Equities"
"There is a bubble that the FED and the government are creating right now and this is a bubble in government debt, in the size of it. They are being very sucessful at that.
Eventually the US Government will go bankrupt the way California is almost bankrupt, but that will take some time. The next bubble im my opinion can be a bubble again in equities." Marc Faber, Bloomberg TV
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.
Eventually the US Government will go bankrupt the way California is almost bankrupt, but that will take some time. The next bubble im my opinion can be a bubble again in equities." Marc Faber, Bloomberg TV
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.
28 July, 2009
Latest TV Video Interview
Marc Faber Latest Video Interview, July 28 2009.
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.
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.
27 July, 2009
"All Polices Target Consumption. That Is a Mistake."
“I believe next year’s economy will face even larger deficits. Their deficit is attempting to stimulate credit growth. Unless real credit growth returns, they will have to put more and more money into the system to maintain the status quo. All polices target consumption. That is a mistake.” Marc Faber, Agora Financial Conference
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.
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.
25 July, 2009
“You cannot create prosperity through money printing and debt growth.”
Speaking to the 10th Annual Agora Financial Investment Symposium in Vancouver this week, Faber said: “You cannot create prosperity through money printing and debt growth.”
Faber preached an idea that became the theme of the event: Government fiscal and monetary intervention, “can postpone, but not prevent crisis.
“I believe next year’s economy will face even larger deficits. Their deficit is attempting to stimulate credit growth. Unless real credit growth returns, they will have to put more and more money into the system to maintain the status quo. All polices target consumption. That is a mistake,” Faber said.
So what’s this mean for the market? “The S&P 500 will not recover to 2007 highs. At the peak, 44% of the S&P was the financial sector. That is gone… not coming back.”
"In the period, 2001–2007, the Fed managed to do something that had never before been done – create a worldwide bubble in just about everything. Stocks, bonds, art, oil, housing – you name it; it went up. The only thing that didn't go up was the dollar," Faber said.
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.
Faber preached an idea that became the theme of the event: Government fiscal and monetary intervention, “can postpone, but not prevent crisis.
“I believe next year’s economy will face even larger deficits. Their deficit is attempting to stimulate credit growth. Unless real credit growth returns, they will have to put more and more money into the system to maintain the status quo. All polices target consumption. That is a mistake,” Faber said.
So what’s this mean for the market? “The S&P 500 will not recover to 2007 highs. At the peak, 44% of the S&P was the financial sector. That is gone… not coming back.”
"In the period, 2001–2007, the Fed managed to do something that had never before been done – create a worldwide bubble in just about everything. Stocks, bonds, art, oil, housing – you name it; it went up. The only thing that didn't go up was the dollar," Faber said.
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.
24 July, 2009
Output Gap and Inflation
"The worst the economy becomes the more governments will print money and people will say, "well, the output gap will prevent inflation from occurring" Do you know what the output gap is in Zimbabwe? 99% below potential GDP and there you have the highest inflation." Marc Faber in CNBC, July 2009
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.
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.
23 July, 2009
CNBC Video Interview
Marc Faber`s CNBC video interview, July 2009.
Topics: Commercial real Estate, REIT`s, Cash, Money Printing, Fiscal Deficits
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.
Topics: Commercial real Estate, REIT`s, Cash, Money Printing, Fiscal Deficits
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.
21 July, 2009
Be Careful With China
"Chinese rate of growth is probably 2 or 3% and not 8%. I would be very careful on China"
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.
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.
20 July, 2009
Better To Be A Shareholder Then A Debt Holder
"I think a balanced portfolio of high quality shares like WPP and Johnson&Johnson (JNJ) you buy the blue chips and you go to sleep, in 10 years time for sure you have made some money. Better to be a shareholder of something than somebody owes you something."
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.
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.
19 July, 2009
I am Neutral, We Are In A Trading Range
I have turned kind of neutral recently because I think we are at that trading range. The big move, a huge move is coming in the dollar, bonds and in equities. But I am not yet sure clearly on what side it will be.
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.
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.
18 July, 2009
Final Crisis Is Ahead Of Us
If you pump money into the system and you create large fiscal deficits, you create volatility. We've seen an intermediate low in March, we'll rally for a year or so or maybe 18 months -- the ultimate crisis will happen much later, and the ultimate crisis would clean the system.
If you shift government activity to the private sector the economy becomes more dynamic.
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.
If you shift government activity to the private sector the economy becomes more dynamic.
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.
17 July, 2009
Investors Should Take A Vacation
What I'm telling clients? I think the summer is shaping up nicely and to take a holiday essentially. Because I think the gravy is out. We had a huge rally March to June.
It looked a week ago as if the market would break down. When markets are about to break down and they don't then there's a counter-trend rally.
The S&P 500 index might go as high as 970 or even 1020 but then it will turn down again. We have to look very carefully at how these results were achieved because there's a lot of massaging of results right now.
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.
It looked a week ago as if the market would break down. When markets are about to break down and they don't then there's a counter-trend rally.
The S&P 500 index might go as high as 970 or even 1020 but then it will turn down again. We have to look very carefully at how these results were achieved because there's a lot of massaging of results right now.
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.
16 July, 2009
Core Inflation Does Not Measure Prices Accurately
The Fed, in my opinion, has zilch idea about monetary policy. What they focus upon is basically core inflation, which does not include energy and food prices and the way the Fed measures inflation is highly questionable in the first place because when you measure inflation it’s a basket of goods and services.
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.
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.
Another Stimulus Package Would Only Make Matters Worse
The U.S. government is largely deranged. The private sector is the dynamic one, and that’s why I object tremendously against building up fiscal deficits because they shift economic activity into unproductive government instead of leaving it in the private sector.
Another stimulus package would only make matters worse. In the Depression, they had one stimulus after another and it didn’t help. What helped was World War II.
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.
Another stimulus package would only make matters worse. In the Depression, they had one stimulus after another and it didn’t help. What helped was World War II.
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.
15 July, 2009
Economic Data Can Surprise Us On The Upside
Wwith vast sums of easy money being pumped into the economy, I am not ruling out the possibility that economic statistics such as car sales, home sales, and export volumes could actually surprise on the upside for a while.
That's not to say that any recovery will be sustainable – it won't.
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.
That's not to say that any recovery will be sustainable – it won't.
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.
13 July, 2009
The US Long Term Government Bonds Have Made A Secular High
"The asset market that has the highest probability of having made a secular high is the US long-term government bond market", says Marc Faber in the Gloom Boom and Doom Report.
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.
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.
12 July, 2009
Buy When Is Oversold And Sell When Is Overbought
We just have to look at the markets in terms of extreme volatility because of government intervention and also because of outside monetary policy expansion. We have to live with that volatility and try to buy when the markets are oversold and sell when it is overbought.
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.
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.
10 July, 2009
Latest Interview: UTVI Stock Market News
How are the global markets looking to you at this point of time? Globally, what’s your own sense of earnings potential?
Faber: Well, in the case of earnings, it will depend on the industry and also on the country. Obviously, there is a severe recession and for a while earnings will be somewhat disappointing. I think the big earnings decline has already occurred, particularly in the US. So, I would look at the economy bottoming out at these levels. Also, I would look at further stimulus packages, if the economy does not recover, if the stock markets start going down again. The S&P went up from 666 to 956. Now, it’s below 900 at 875. If we approach 800 they will probably throw some more money into the system, I think the new money printed would kind of support the market.
How do you view Indian markets, in terms of valuations? Is it expensive?
Faber: Well, India had a huge decline between 2007 and the intra- day lows in November 2008. Again, we had a major low in March 2009. So, the market was incredibly oversold and this rebound is only natural. But, after the kind of decline we had between 2007 and 2009, usually we need a base-building period before a sustained bull market emerges again.
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.
Faber: Well, in the case of earnings, it will depend on the industry and also on the country. Obviously, there is a severe recession and for a while earnings will be somewhat disappointing. I think the big earnings decline has already occurred, particularly in the US. So, I would look at the economy bottoming out at these levels. Also, I would look at further stimulus packages, if the economy does not recover, if the stock markets start going down again. The S&P went up from 666 to 956. Now, it’s below 900 at 875. If we approach 800 they will probably throw some more money into the system, I think the new money printed would kind of support the market.
How do you view Indian markets, in terms of valuations? Is it expensive?
Faber: Well, India had a huge decline between 2007 and the intra- day lows in November 2008. Again, we had a major low in March 2009. So, the market was incredibly oversold and this rebound is only natural. But, after the kind of decline we had between 2007 and 2009, usually we need a base-building period before a sustained bull market emerges again.
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.
08 July, 2009
Buying Relatively Recession Resistant Businesses In Thailand
"Publicly traded companies in Thailand are trading at just 11 times estimated 2009 earnings, making them the second- cheapest in Asia after Pakistan. They currently offer a dividend yield that averages 4.7 percent compared with 3 percent for U.S. stocks and as little as 1 percent for Chinese equities, according to data compiled by Bloomberg. That makes Thailand a buy, says Marc Faber, who manages $300 million in Asian shares at Hong Kong-based Marc Faber Ltd.
“I can get here relatively recession-resistant businesses that are well run with a dividend yield of 6 percent or 7 percent,” says Faber, publisher of the Gloom, Boom & Doom Report, who has been buying shares in Thai banks and food producers this year. “If you buy good businesses, it would be most unusual if you did not make good money in 5 or 10 years. And with these dividends, in Thailand you are paid to wait.”" in Bloomberg
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.
“I can get here relatively recession-resistant businesses that are well run with a dividend yield of 6 percent or 7 percent,” says Faber, publisher of the Gloom, Boom & Doom Report, who has been buying shares in Thai banks and food producers this year. “If you buy good businesses, it would be most unusual if you did not make good money in 5 or 10 years. And with these dividends, in Thailand you are paid to wait.”" in Bloomberg
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.
07 July, 2009
Any Man In The Fed Who Halts The Printing Presses Will Be Jobless
"Faber feels our central bankers are moonlighting as money printers, and any man in the Fed who tries to halt the presses, and put up interest rates to mop up the voluminous liquidity, is going to find himself jobless." in Asian Investor
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.
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.
06 July, 2009
The Federal Reserve Created This Mess
"The Fed's monetary policy has made things more volatile," he observes. "Had they not cut rates, financial institutions would have started deleveraging earlier, instead of continuing to build their balance sheets, prompted by the cheaper rates."
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.
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.
05 July, 2009
Money On The Sidelines Can Move Into Precious Metals
"For the next 12 months, investors do not want to be in cash. There is a lot of cash on sidelines that may be moved to other asset classes. Money could flow into precious metal. " in Bloomberg TV
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.
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.
02 July, 2009
Asian Investor Conference: "Invest In Asian Healthcare"
The markets are reviving, and by the analysis of investor and commentator Marc Faber, speaking in Korea at the AsianInvestor Institutional Investment Conference this week, we saw the bottom when the S&P500 Index hit 666.
The terror on the screens may be over, but it comes at a price, and that price is paid in the debasement of the currency.
Markets may continue to soar, says Faber, but if the dollar in your pocket is going to depreciate, it's a scant consolation. In real terms, investment values may move backwards.
Faber feels our central bankers are moonlighting as money printers, and any man in the Fed who tries to halt the presses, and put up interest rates to mop up the voluminous liquidity, is going to find himself jobless.
"The Fed's monetary policy has made things more volatile," he observes. "Had they not cut rates, financial institutions would have started deleveraging earlier, instead of continuing to build their balance sheets, prompted by the cheaper rates."
The private sector is in no shape to take up the slack, so the government money printing has to continue and he predicts that interest rates will be kept below inflation and GDP growth for a very long time.
However, the dollar has performed well in the last year, just as Faber predicted back in autumn 2008. The dollar may have once been weak when there was excess liquidity and rising asset prices, but recently, whenever confidence has fallen in general, people have returned to the dollar.
"Stocks will do better in the next decade, especially in Asia, given dividend yields, but not in real terms against currencies," he says. "If you borrow, then do it in US dollars."
And where should that money be invested, assuming that you don't want to see the cash in your piggy bank being inflated away to oblivion?
Marc Faber thinks there are opportunities in Asian healthcare, in banks in countries like Thailand (where the Lehman structured note salesmen found the people too unsophisticated to buy their product), tourism, and naturally gold. On the property side, he recommends avoiding condos in financial centres and buying farmland.
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.
The terror on the screens may be over, but it comes at a price, and that price is paid in the debasement of the currency.
Markets may continue to soar, says Faber, but if the dollar in your pocket is going to depreciate, it's a scant consolation. In real terms, investment values may move backwards.
Faber feels our central bankers are moonlighting as money printers, and any man in the Fed who tries to halt the presses, and put up interest rates to mop up the voluminous liquidity, is going to find himself jobless.
"The Fed's monetary policy has made things more volatile," he observes. "Had they not cut rates, financial institutions would have started deleveraging earlier, instead of continuing to build their balance sheets, prompted by the cheaper rates."
The private sector is in no shape to take up the slack, so the government money printing has to continue and he predicts that interest rates will be kept below inflation and GDP growth for a very long time.
However, the dollar has performed well in the last year, just as Faber predicted back in autumn 2008. The dollar may have once been weak when there was excess liquidity and rising asset prices, but recently, whenever confidence has fallen in general, people have returned to the dollar.
"Stocks will do better in the next decade, especially in Asia, given dividend yields, but not in real terms against currencies," he says. "If you borrow, then do it in US dollars."
And where should that money be invested, assuming that you don't want to see the cash in your piggy bank being inflated away to oblivion?
Marc Faber thinks there are opportunities in Asian healthcare, in banks in countries like Thailand (where the Lehman structured note salesmen found the people too unsophisticated to buy their product), tourism, and naturally gold. On the property side, he recommends avoiding condos in financial centres and buying farmland.
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.
01 July, 2009
Outlook For Emerging Markets
"The outlook for emerging markets is “far more optimistic” than for developed economies, investor Marc Faber said at a conference in Seoul today. Faber also recommended investments in commodities and tourism industries." in Bloomberg
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.
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.
The Federal Reserve Is Not Independent
The U.S. central bank has structured and introduced policies without considering exponential credit growth and its consequences. I think the Federal Reserve is not independent and has become a mere political apparatus of the U.S. government. Keeping interest rates artificially low and printing money has and will cause an asset bubble.
People have been encouraged to borrow and speculate on stocks and other assets over the past year because they do not earn anything from putting money into bank deposits due to the record-low interest rate, he said. ``It will again create an asset bubble and next time when it bursts, we will not be able to respond to it in the same manner as we can now.
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.
People have been encouraged to borrow and speculate on stocks and other assets over the past year because they do not earn anything from putting money into bank deposits due to the record-low interest rate, he said. ``It will again create an asset bubble and next time when it bursts, we will not be able to respond to it in the same manner as we can now.
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.
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