In 1 year the chinese economy will perform poorly, in other words, it will have a recession. A recession in China could be a technical recession, if you slow down from a rate of 10 percent to a growth rate of 3 percent, that is a recession.
I don`t believe in the growth numbers in China. If you had GDP adjusted to the true rate of inflation, then real growth is of course much slower.
Tickers: iShares FTSE/Xinhua China 25 Index (ETF) (FXI), Morgan Stanley China A Share Fund, Inc. (CAF), PowerShares Gld Drg Haltr USX China(ETF) (PGJ), Aluminum Corp. of China Limited (ADR) (ACH) PetroChina Company Limited (ADR) (PTR), China Petroleum & Chemical Corp. (ADR), (SNP) China Life Insurance Company Ltd. (ADR) (LFC), Bank of China Limited (SHA:601988), China Merchants Bank Co., Ltd (SHA:600036), China Mobile Ltd. (ADR) (NYSE:CHL)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
31 May, 2011
The US Economy Is Slowing Down
"The economy right now is slowing down" - in Bloomberg, May 27
Tickers: ProShares UltraShort S&P500 (ETF) (SDS), SPDR S&P 500 ETF (SPY), iShares Russell 2000 Index (ETF) (IWM), ProShares UltraShort QQQ (ETF) (QID), SPDR Dow Jones Industrial Average ETF (DIA), iPath S&P 500 VIX Short-Term Futures ETN (NYSE:VXX), iShares MSCI Emerging Markets Indx (ETF) (EEM), PowerShares QQQ Trust, Series 1 (ETF) (QQQ)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Tickers: ProShares UltraShort S&P500 (ETF) (SDS), SPDR S&P 500 ETF (SPY), iShares Russell 2000 Index (ETF) (IWM), ProShares UltraShort QQQ (ETF) (QID), SPDR Dow Jones Industrial Average ETF (DIA), iPath S&P 500 VIX Short-Term Futures ETN (NYSE:VXX), iShares MSCI Emerging Markets Indx (ETF) (EEM), PowerShares QQQ Trust, Series 1 (ETF) (QQQ)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
QE2 Will Come To An End - We Will Have A Correction
QE 2 will come to an end, we will have a correction and then we will have more money printing but it may not help the economy at all. - in Bloomberg
Tickers: ProShares UltraShort S&P500 (ETF) (SDS), SPDR S&P 500 ETF (SPY), iShares Russell 2000 Index (ETF) (IWM), ProShares UltraShort QQQ (ETF) (QID), SPDR Dow Jones Industrial Average ETF (DIA), iPath S&P 500 VIX Short-Term Futures ETN (NYSE:VXX), iShares MSCI Emerging Markets Indx (ETF) (EEM), PowerShares QQQ Trust, Series 1 (ETF) (QQQ)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Tickers: ProShares UltraShort S&P500 (ETF) (SDS), SPDR S&P 500 ETF (SPY), iShares Russell 2000 Index (ETF) (IWM), ProShares UltraShort QQQ (ETF) (QID), SPDR Dow Jones Industrial Average ETF (DIA), iPath S&P 500 VIX Short-Term Futures ETN (NYSE:VXX), iShares MSCI Emerging Markets Indx (ETF) (EEM), PowerShares QQQ Trust, Series 1 (ETF) (QQQ)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
30 May, 2011
Bloomberg Video Interview: China, US Stocks, Inflation
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
27 May, 2011
Opulence And A Struggling Middle Class
"There is an opulence among a small group of people that is huge when there are lots of people that are struggling." - in Bloomberg TV
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Too Many Supercars - Not A Good Sign
"From my taste in front of luxury hotels there are far too many Ferraries and Maseraties and Bentleys and this is not a good sign." - in Bloomberg TV
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
26 May, 2011
You Have To Prepare For The Next War
“You have to prepare for the next war, and, in war commodities go ballistic.” - in Ira Sohn investing conference, Wednesday
Related: IShares Silver ETF (SLV), SPDR Gold ETF (GLD), United States Oil Fund (USO), PowerShares DB Agriculture Fund (NYSE:DBA)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Related: IShares Silver ETF (SLV), SPDR Gold ETF (GLD), United States Oil Fund (USO), PowerShares DB Agriculture Fund (NYSE:DBA)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
23 May, 2011
Expansionary Fiscal Policy And Narcotics Abuse
"Marc Faber, Austrian economist and leading market forecaster, aptly likens fiscal policy to narcotics abuse: Always destructive in the end, though it may have social benefits early on." - in Seeking Alpha
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
16 May, 2011
Precious Metals Are Overbought And Facing Upcoming Seasonal Weakness.
"As we reported earlier (Beware the False Breakout in Stocks) Marc Faber had turned somewhat cautious regarding the precious metals as they were overbought and facing the upcoming weak seasonal pattern." - www.istockanalyst.com
Related: SPDR Gold ETF (GLD), IShares Silver ETF (SLV);
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Related: SPDR Gold ETF (GLD), IShares Silver ETF (SLV);
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
12 May, 2011
The Inflation Trade On Pause
“I’m deferring any new purchases of the beneficiaries of the inflation trade, except for gold.” - at the New York Hard Assets Investment Conference
Related: SPDR Gold ETF (GLD), IShares Silver ETF (SLV), United States Oil Fund (USO), Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), Hecla Mining (HL), ProShares UltraShort S&P500 (ETF) (NYSE:SDS) , SPDR S&P 500 ETF (NYSE:SPY), iShares Russell 2000 Index (ETF) (NYSE:IWM), ProShares UltraShort QQQ (ETF) (NYSE:QID), SPDR Dow Jones Industrial Average ETF (NYSE:DIA)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Related: SPDR Gold ETF (GLD), IShares Silver ETF (SLV), United States Oil Fund (USO), Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), Hecla Mining (HL), ProShares UltraShort S&P500 (ETF) (NYSE:SDS) , SPDR S&P 500 ETF (NYSE:SPY), iShares Russell 2000 Index (ETF) (NYSE:IWM), ProShares UltraShort QQQ (ETF) (NYSE:QID), SPDR Dow Jones Industrial Average ETF (NYSE:DIA)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Cautious On Commodities
“When everybody thinks alike, I become very defensive.” - in New York Hard Assets Investment Conference
Related ETFs: IShares Silver ETF (SLV), SPDR Gold ETF (GLD), United States Oil Fund (USO), ELEMENTS Rogers Intl Commodity Index - Agriculture Total Return ETN (RJA), United States Natural gas Fund (UNG), Powershares DB Agriculture Fund (DBA), Powershares DB Base Metals Fund (ETF) (DBB), iPath Dow Jones-UBS Cotton Subindex Total Return ETN (BAL), Freeport-McMoRan Copper & Gold Inc. (Public, NYSE:FCX), Exxon Mobil (XOM), United States Steel (X), Coeur Alene Mines (CDE), Silver Wheaton (SLW), Alcoa (AA)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Related ETFs: IShares Silver ETF (SLV), SPDR Gold ETF (GLD), United States Oil Fund (USO), ELEMENTS Rogers Intl Commodity Index - Agriculture Total Return ETN (RJA), United States Natural gas Fund (UNG), Powershares DB Agriculture Fund (DBA), Powershares DB Base Metals Fund (ETF) (DBB), iPath Dow Jones-UBS Cotton Subindex Total Return ETN (BAL), Freeport-McMoRan Copper & Gold Inc. (Public, NYSE:FCX), Exxon Mobil (XOM), United States Steel (X), Coeur Alene Mines (CDE), Silver Wheaton (SLW), Alcoa (AA)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Outlook For Gold, Commodities & Stocks
Long-time gold bull Marc Faber provided his latest thoughts on the price of gold and silver on Tuesday at the New York Hard Assets Investment Conference.
Dr. Marc Faber, editor of The Gloom, Boom & Doom Report, reiterated his bullish outlook on gold but made cautious comments on stocks and cyclical commodities. He argued that the recent growth in Chinese money supply, which has surpassed that of the U.S., increases the prospects for further interest rate increases in China. Tighter monetary policy will in turn pressure equities and the broader commodities complex, both of which have benefitted substantially from unprecedented levels of liquidity from central banks.
Faber pointed to recent excessive bullishness toward commodities as a key reason for his bearish outlook. “When everybody thinks alike, I become very defensive,” Faber continued. “I’m deferring any new purchases of the beneficiaries of the inflation trade, except for gold.”
Faber did not provide a specific gold price target, however. - in GoldAlert
Related: SPDR Gold ETF (GLD), IShares Silver ETF (SLV), United States Oil Fund (USO), Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), Hecla Mining (HL), ProShares UltraShort S&P500 (ETF) (NYSE:SDS) , SPDR S&P 500 ETF (NYSE:SPY), iShares Russell 2000 Index (ETF) (NYSE:IWM), ProShares UltraShort QQQ (ETF) (NYSE:QID), SPDR Dow Jones Industrial Average ETF (NYSE:DIA)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Dr. Marc Faber, editor of The Gloom, Boom & Doom Report, reiterated his bullish outlook on gold but made cautious comments on stocks and cyclical commodities. He argued that the recent growth in Chinese money supply, which has surpassed that of the U.S., increases the prospects for further interest rate increases in China. Tighter monetary policy will in turn pressure equities and the broader commodities complex, both of which have benefitted substantially from unprecedented levels of liquidity from central banks.
Faber pointed to recent excessive bullishness toward commodities as a key reason for his bearish outlook. “When everybody thinks alike, I become very defensive,” Faber continued. “I’m deferring any new purchases of the beneficiaries of the inflation trade, except for gold.”
Faber did not provide a specific gold price target, however. - in GoldAlert
Related: SPDR Gold ETF (GLD), IShares Silver ETF (SLV), United States Oil Fund (USO), Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), Hecla Mining (HL), ProShares UltraShort S&P500 (ETF) (NYSE:SDS) , SPDR S&P 500 ETF (NYSE:SPY), iShares Russell 2000 Index (ETF) (NYSE:IWM), ProShares UltraShort QQQ (ETF) (NYSE:QID), SPDR Dow Jones Industrial Average ETF (NYSE:DIA)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
11 May, 2011
China Can Be The Trigger For Further Commodity Declines
Long-time commodity bull Marc Faber adds that China’s M2 money supply could be the trigger for further declines in commodity prices as the country’s interest rates are raised. - in BNN.ca
Related: United States Oil Fund ETF (USO), SPDR Gold ETF (GLD), IShares Silver ETF (SLV)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Related: United States Oil Fund ETF (USO), SPDR Gold ETF (GLD), IShares Silver ETF (SLV)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
10 May, 2011
The Dow Jones In Gold And Silver Terms
"In gold and silver terms, the Dow Jones over the last 10 years has already lost 80% of its value" - Marc Faber
Related: SPDR Dow Jones Industrial Average ETF (Public, NYSE:DIA), IShares Silver ETF (SLV), SPDR Gold ETF (GLD)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Related: SPDR Dow Jones Industrial Average ETF (Public, NYSE:DIA), IShares Silver ETF (SLV), SPDR Gold ETF (GLD)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
06 May, 2011
Expecting More QE. The US Will Run Trillion Dollar Budget Deficits For The Next 10 Years
In Dr. Faber’s opinion, QE 3 is a near certainty. The US will be running trillion dollar budget deficits for the next 10 years.
There is no way they can finance all of this through bond issuance. The Fed will have to at least partially monetize this to keep interest rates low. - in LewRockwell.com
Related: ProShares UltraShort 20+ Year Treasuries (ETF) (TBT), iShares Barclays 20+ Year Treasury Bond (ETF) (TLT), iShares Lehman 7-10 Year Treasury Bond (ETF) (IEF)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
There is no way they can finance all of this through bond issuance. The Fed will have to at least partially monetize this to keep interest rates low. - in LewRockwell.com
Related: ProShares UltraShort 20+ Year Treasuries (ETF) (TBT), iShares Barclays 20+ Year Treasury Bond (ETF) (TLT), iShares Lehman 7-10 Year Treasury Bond (ETF) (IEF)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
05 May, 2011
US Housing Market.
Another short summary from the Wall Street Pit on the GBD Report. This time on the US housing market:
"While Dr. Faber thinks the US housing market has another 10% to fall, he would be a buyer because of attractive valuations. Faber compares the price of US housing to gold and concludes that housing has not been this cheap since the early 1980′s. But do not think there will be a quick recovery–there won’t be. The main point about housing is that it is a good inflation hedge and will likely keep its purchasing power of the next 10 years. In a serious inflation environment, Faber would rather own housing than paper dollars."
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
"While Dr. Faber thinks the US housing market has another 10% to fall, he would be a buyer because of attractive valuations. Faber compares the price of US housing to gold and concludes that housing has not been this cheap since the early 1980′s. But do not think there will be a quick recovery–there won’t be. The main point about housing is that it is a good inflation hedge and will likely keep its purchasing power of the next 10 years. In a serious inflation environment, Faber would rather own housing than paper dollars."
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
04 May, 2011
Expecting a 20 Percent Plus Correction In The Metals Complex. That Trade Is Too Crowded.
The Wall Street Pit run a short summary of the latest Gloom, Boom and Doom Report. Here`s the short summary on the precious metals:
Gold & Silver: Marc Faber still likes gold as a long-term investment and recommends dollar cost averaging every month regardless of the price. However, when it comes to silver, Faber is more cautious, noting the recent run-up in the price. He expects a 20%+ correction in the metals complex because the inflation trade has become too crowded.
Related ETFs: IShares Silver ETF (SLV), SPDR Gold ETF (GLD), Market Vectors Etf Trust (GDX)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Gold & Silver: Marc Faber still likes gold as a long-term investment and recommends dollar cost averaging every month regardless of the price. However, when it comes to silver, Faber is more cautious, noting the recent run-up in the price. He expects a 20%+ correction in the metals complex because the inflation trade has become too crowded.
Related ETFs: IShares Silver ETF (SLV), SPDR Gold ETF (GLD), Market Vectors Etf Trust (GDX)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
03 May, 2011
The Breakout In Stocks May Be A Bull Trap
The markets may be giddy about stocks hitting new highs, but contrarian investor Marc Faber is having nothing of this. He is concerned that stocks will fall sharply in May and that the recent breakout in stocks will prove to be trap for the bulls.
The markets are due for a correction and the technicals point to a weak market. In particular, Faber points to the decline in new 52 week highs as evidence of an unhealthy internal market.
Right now, Faber would stay away from cyclicals, tech stocks, and banks. If you have to own stocks make sure it is something safe like consumer staples (MO, JNJ, PEP, KO, etc). - in wallstreetpit.com
Related: SPDR S&P 500 ETF (NYSE:SPY), SPDR Dow Jones Industrial Average ETF (NYSE:DIA), iShares Russell 2000 Index (ETF) (NYSE:IWM), PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ), Johnson & Johnson (JNJ), Altria Group, Inc. (NYSE:MO), The Coca-Cola Company (NYSE:KO), ProShares UltraShort S&P500 (ETF) (NYSE:SDS)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
The markets are due for a correction and the technicals point to a weak market. In particular, Faber points to the decline in new 52 week highs as evidence of an unhealthy internal market.
Right now, Faber would stay away from cyclicals, tech stocks, and banks. If you have to own stocks make sure it is something safe like consumer staples (MO, JNJ, PEP, KO, etc). - in wallstreetpit.com
Related: SPDR S&P 500 ETF (NYSE:SPY), SPDR Dow Jones Industrial Average ETF (NYSE:DIA), iShares Russell 2000 Index (ETF) (NYSE:IWM), PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ), Johnson & Johnson (JNJ), Altria Group, Inc. (NYSE:MO), The Coca-Cola Company (NYSE:KO), ProShares UltraShort S&P500 (ETF) (NYSE:SDS)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
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