Telephone interview from Thailand.
"In Japan we made a secular low last October, meaning that we will not make a new low for a long time"
"I think that at worst the (japanese stock) market isn`t going to do anything. But obviously the market can have quite a rally for the simple reason that we are still very low in terms of share prices in Japan"
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 August, 2009
30 August, 2009
"You Should Buy Bank Stocks In The World"
I don`t hold a very high opinion of bankers but you really have to be dumb, dumb, dumb not to make any money when the government gives you money free of charge. So the bankers get the money free of charge , so they can do things and they will make money. And the worst the economic conditions will become, the worst the commercial real estate market becomes the more money the government will throw to the system and more bailouts will follow. You should buy bank stocks around the world.
in Lateline Business
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.
in Lateline Business
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 August, 2009
Latest Marc Faber`s Video Interview
MARC FABER ON LATELINE BUSINESS INTERVIEW AUG 26, 2009
Excerpts:
"The economy near term can recover and maybe the recovery will be somewhat lengthier because the first stimulus package in the United States will be followed by a second one and money printing will lead to more money printing."
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.
Excerpts:
"The economy near term can recover and maybe the recovery will be somewhat lengthier because the first stimulus package in the United States will be followed by a second one and money printing will lead to more money printing."
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.
26 August, 2009
Video Interview, August
Latest Marc Faber`s video interview.
Video interview transcript
A correction is not nothing unusual at this phase of the cycle. I would also like to add that although the global economy has kind of stabilized we are not out of the woods and valuations have become somewhat stretched.
In other words, stocks didn`t go up necessarily because of improving fundamentals but they went up because of huge liquidity injections and large stimulus packages by all governments in the world.
And the problem with fiscal and monetary stimulus is that as you increase the fiscal deficits and money supply grows it has an immediate impact on asset markets. However, in order to continue to drive asset markets higher in a second period, the fiscal deficits should continue to increase and money supply should continue to increase at an accelerated rate. In the moment there is a slowdown in that growth rate, or even if the growth rate remains constant the stimulative impact diminishes and then liquidity tightens, relatively speaking.
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.
Video interview transcript
A correction is not nothing unusual at this phase of the cycle. I would also like to add that although the global economy has kind of stabilized we are not out of the woods and valuations have become somewhat stretched.
In other words, stocks didn`t go up necessarily because of improving fundamentals but they went up because of huge liquidity injections and large stimulus packages by all governments in the world.
And the problem with fiscal and monetary stimulus is that as you increase the fiscal deficits and money supply grows it has an immediate impact on asset markets. However, in order to continue to drive asset markets higher in a second period, the fiscal deficits should continue to increase and money supply should continue to increase at an accelerated rate. In the moment there is a slowdown in that growth rate, or even if the growth rate remains constant the stimulative impact diminishes and then liquidity tightens, relatively speaking.
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 August, 2009
Dollar, Asset Markets And Bubbles
When the S&P bottomed in March, the dollar was weak, notes Faber, who expects the next few months will be a period of dollar recovery and “a correction time in asset markets” as the dollar strengthens. “The strong dollar means global liquidity tightening,” Faber told CNBC.
“In a scenario where growth will be disappointing, I think emerging markets will be kind of vulnerable.” The worse the global economy, the more stocks could go up, Faber says, because the world’s central bankers have become nothing more than money printers. “They’re dangerous to the health of the global economy,” Faber says. “They created the Nasdaq bubble, the housing bubble, and now they want to create another bubble to bail them out.”
Financial crises, Faber points out, usually lead to some fundamental change that purges the excesses that went before. But, he says, the Obama administration chose instead to bail out financial firms at the taxpayers’ expense, leaving the country vulnerable to a bigger crisis in the next few years.
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.
“In a scenario where growth will be disappointing, I think emerging markets will be kind of vulnerable.” The worse the global economy, the more stocks could go up, Faber says, because the world’s central bankers have become nothing more than money printers. “They’re dangerous to the health of the global economy,” Faber says. “They created the Nasdaq bubble, the housing bubble, and now they want to create another bubble to bail them out.”
Financial crises, Faber points out, usually lead to some fundamental change that purges the excesses that went before. But, he says, the Obama administration chose instead to bail out financial firms at the taxpayers’ expense, leaving the country vulnerable to a bigger crisis in the next few years.
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 August, 2009
Business Standard Interview, August 20
Your call on China: what's your take on the weak economic and financial market news flow?
The Chinese have implemented the world’s largest stimulus package. These packages have not helped the economy much. It has created another kind of stock market bubble. This is being corrected now.
Do you expect more of a correction in China?
The markets are no longer free, there is continuous intervention. The Chinese markets came down 10-20 per cent on the hope that government would implement supporting measures. Predicting markets worldwide is extremely difficult. The S&P in the US reached 1,000 two days ago from 650 in March. If the S&P were to drop 10-20 per cent, then the Federal Reserve would monetise massively.
Do you think India is vulnerable to a correction if global markets continue to fall?
Yeah. In China, we saw a fall of about 17 per cent from the peak. The US markets are a little bit oversold and might rally again. I would not be surprised if the early August highs were actually the high for the year.
Is that a call just on China or on all markets, that the high in August will be the one for the entire year?
Correction has begun in most markets. Between March and August, there has been a rise in commodities and equities. Bonds did not perform well and the dollar was weak. I think, for the next one to three months, bonds could rally somewhat and the dollar could recover somewhat.
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 Chinese have implemented the world’s largest stimulus package. These packages have not helped the economy much. It has created another kind of stock market bubble. This is being corrected now.
Do you expect more of a correction in China?
The markets are no longer free, there is continuous intervention. The Chinese markets came down 10-20 per cent on the hope that government would implement supporting measures. Predicting markets worldwide is extremely difficult. The S&P in the US reached 1,000 two days ago from 650 in March. If the S&P were to drop 10-20 per cent, then the Federal Reserve would monetise massively.
Do you think India is vulnerable to a correction if global markets continue to fall?
Yeah. In China, we saw a fall of about 17 per cent from the peak. The US markets are a little bit oversold and might rally again. I would not be surprised if the early August highs were actually the high for the year.
Is that a call just on China or on all markets, that the high in August will be the one for the entire year?
Correction has begun in most markets. Between March and August, there has been a rise in commodities and equities. Bonds did not perform well and the dollar was weak. I think, for the next one to three months, bonds could rally somewhat and the dollar could recover somewhat.
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 August, 2009
"Central Bankers Are Dangerous To The Health Of The World Economy"
The worse the global economy, the more stocks could go up, Faber says, because the world’s central bankers have become nothing more than money printers. “They’re dangerous to the health of the global economy,” Faber says. “They created the Nasdaq bubble, the housing bubble, and now they want to create another bubble to bail them out.” in 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.
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 August, 2009
"Emerging Markets Are Kind Of Vulnerable"
"A stronger dollar means that global liquidity is tightning. The US is the least cyclical economy and as Professor Roubini has said, emerging economies are essentially more cyclical then the US Economy. They are like a warrant on the US economy. In a scenario where growth is going to be disappointing I think emerging markets are kind of vulnerable." Marc Faber, CNBC, August 12
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.
13 August, 2009
"I Expect Now For The Next Couple Of Months A Period Of A Recovering Dollar"
"I expect now for the next couple of months a period of a recovering dollar and weak assets. A strong dollar means global liquidity tightening. The dollar will strengthen because the US economy is the least cyclical, but developing countries are more exposed. In a scenario where growth will be disappointing, I think emerging markets are vulnerable. I think we had huge increases in stock prices, a lot of markets have doubled in price." 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.
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 August, 2009
Correction Time In Asset Markets
I expect fot the next couple of months a period of a recovering dollar and a correction time in asset markets." Marc Faber, CNBC, August 12
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.
CNBC Video Interview, August 12.
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Latest Marc Faber video interview, CNBC, August 12.
Marc Faber was interviewed alongside Nouriel Roubini.
"The big crisis is ahead of us", 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.
Latest Marc Faber video interview, CNBC, August 12.
Marc Faber was interviewed alongside Nouriel Roubini.
"The big crisis is ahead of us", 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.
10 August, 2009
Another Financial Crisis In 5 To 10 Years
"By keeping rates artificially low and pumping money into the system, equities, markets and economies will face unintended consequences, including another financial crisis in the next five to 10 years. This crisis has not been fully cleansed out of the system." in Financial Standard
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.
04 August, 2009
"Federal Reserve And Academia Want Cash Money To Be Worthless
"I think in the long run we will have inflation because the Federal Reserve and the academia want cash money to be worthless" Marc Faber, TV interview on July 28th
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 August, 2009
"We Will Have A Meaningful Correction"
“My sense is that, near term, we could still have disappointments because now the mood is very optimistic. I don’t think we’ll make new market lows in Asia, but I do think we’ll have a meaningful correction.” Marc Faber, TV Interview, July 28th
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.
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