Marc Faber : “I do not think that investors fully appreciate the enormous shift that has and is occurring in the balance of economic power from the Western world to emerging economies,” “I happen to feel that somewhere in the world we can make 7% on equities for the next 10 years,” “I can buy you a portfolio of high-dividend stocks in Asia that would have a yield of 5% to 7%.” “They have a better loan portfolio than the European banks,” Faber said of Japanese banks. “The banks in Asia are in a very solid position. All these are a play on the recovery in the stock market in Japan.” - in www.ibtimes.com
Contrarian Investor Dr.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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