Subscribe via Email:

Monday, December 31, 2012

Marc Faber: I do not believe there will be a fiscal cliff

Marc Faber: I do not believe there will be a fiscal cliff. What will happen is that there will be some cosmetic spending cuts which will amount to no spending cuts in reality. There will be some cosmetic tax increases that will touch really a minority and the irrelevance on a fiscal deficit that officially is running around $1.3 trillion, but if you added the unfunded liabilities that accrue every year, the fiscal deficit will be more likely above $5 trillion. So even minor tax increases on the super rich will bring in annually a maximum of $5200 billion. So the total deficit, whatever they will agree upon, will have a meaningless impact and spending cuts will come back dated in 10 years time. So they will be quite irrelevant.- in ET Now 

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Friday, December 28, 2012

Marc Faber – The Fundamental Fact About Oil


Marc Faber : “One hears all kinds of forecasts that oil prices will tumble and some are forecasting oil prices to go up substantially. There are all kinds of views. The fundamental fact is simply that not only for oil but for other commodities as well the production cost has risen very substantially. So I think that new oil will cost at least around $60-70 a barrel for the exploration and the capital investments.”
“Therefore, I do not think that oil has a huge downside risk, but we live in a volatile world. In July 2008 we were at $147 a barrel and within six months, we dropped to $32 a barrel in December 2008. I would not want to necessarily go short on oil for the simple reason that the situation in the Middle East is deteriorating at an accelerating pace.”
- Marc Faber in an ET Interview

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Marc Faber – Recommended Christmas Reading List


This year, I reread some books I had not looked at for years.
Milton Friedman’s “Capitalism and Freedom” is an excellent collection of brief essays about a wide range of subjects. It’s a reminder that larger and larger involvement of government in a society comes at a cost. The larger the government is, the more economic and financial volatility, the less growth and the less personal freedom will follow. This is the book you must give for Christmas to your entitlement-spoiled children.
I particularly recommend Will Durant’s “The Greatest Minds and Ideas of All Time,” edited by John Little, for hedge-fund managers who have their eyes glued to Bloomberg terminals all day. In a few chapters, Durant — whose seminal work is “The Story of Civilization” and whom I consider one of the great historians — expresses his views about the “The Ten ‘Greatest’ Thinkers,” “The Ten ‘Greatest’ Poets,” “Twelve Vital Dates in World History,” “The One Hundred ‘Best’ Books for an Education” and other subjects. Durant also had a very human touch. When asked in an interview, “Of all the characters populating ‘The Story of Civilization,’ whom would you have most liked to have known?” he responded, “Madame de Pompadour … because she was beautiful, she was charming, she was luscious — what else do you want?” (I agree, although my choice would have been Cassandra.)
The third book I am still reading — Joseph A. Tainter’s “The Collapse of Complex Societies.” It’s a difficult read and there’s no hurry for me to finish it since Tainter observes “that the problem is not that states collapse (for this happens constantly) but rather that some states last so long.” So let us be cheerful for the U.S. as its society will only collapse once the Facebook generation becomes mature and completely brain-damaged.
- Marc Faber excerpt from Bloomberg

 Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Saturday, December 22, 2012

Marc Faber Forecasts Keynesian Catastrophe for Global Economy

Marc Faber explains his views and why the world economy is heading for a catastrophe. Possible opportunities are likely to emerge for institutional investors and nimble traders. Marc Faber discusses what opportunities are likely to emerge for institutional investors if sovereign debt continues. He assesses the possible impact of social and political unrest in North Africa and the Middle East, and how hedge funds can invest in emerging markets.

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Wednesday, December 19, 2012

Marc Faber - Economic Times ~ India Inc doing well despite weak macros

India's GDP growth at 5% or 6% is better than no growth in Europe, US: Marc Faber - Economic Times

ET Now: You have recently made a statement that gold is a must have in every individual investor's portfolio. What premise have you made that call on?

Marc Faber:
Basically we are in an environment where central banks are monetising debts and where the balance sheets of central banks are increasing, and this will continue, especially in the United States and Europe.
We are also in an environment where in the long run, a lot of sovereign debts will either not be paid or will have to be inflated away. So owning some physical gold is a prudent insurance. I am specifying here 'physical gold' because one wants to protect oneself as an investor for the potential of a systemic collapse of the financial system.
ET Now: The FII flows to the Indian markets have grossed 1 lakh crore mark. What explains the strong flow of funds to emerging markets like India?
Marc Faber:
In general, investors realise in the world that we are in a changing environment where emerging economies are becoming more important relative to the rest of the world. So we have to, from time to time, rebalance portfolios into emerging economies. Now I am not sure that I would necessarily buy the Indian market right here, but even if India only grows at 5% or 6%, it is still much better than no growth in Europe and hardly any growth in the United States.
ET Now: Some strategists are making a strong case that global crude oil price prices may weaken significantly from hereon. Do you agree with that forecast?
Marc Faber:
One hears all kinds of forecasts that oil prices will tumble and some are forecasting oil prices to go up substantially. There are all kinds of views. The fundamental fact is simply that not only for oil but for other commodities as well the production cost has risen very substantially. So I think that new oil will cost at least around $60-70 a barrel for the exploration and the capital investments.
Therefore, I do not think that oil has a huge downside risk, but we live in a volatile world. In July 2008 we were at $147 a barrel and within six months, we dropped to $32 a barrel in December 2008. I would not want to necessarily go short on oil for the simple reason that the situation in the Middle East is deteriorating at an accelerating pace.

ET Now: What about the Indian markets? Are they heading to newer highs at 15 or 16 times forward earnings that they are trading at and compared to the other emerging markets, how is India looking like, as a trade?
Marc Faber:
We don't have uniformed performance among emerging economies. You have the Chinese market, which is down from 6000 in 2007 to 2000, and you have markets like the Philippines, Indonesia, Thailand and Malaysia that have made new highs, and so it is not uniformed. In India, you do not have a particularly good macroeconomic background. On the other hand, corporations are doing reasonably well. So I have some investments in India.

ET Now: What is the significance of the fiscal cliff for emerging markets like India?
Marc Faber:
I do not believe there will be a fiscal cliff. What will happen is that there will be some cosmetic spending cuts which will amount to no spending cuts in reality. There will be some cosmetic tax increases that will touch really a minority and the irrelevance on a fiscal deficit that officially is running around $1.3 trillion, but if you added the unfunded liabilities that accrue every year, the fiscal deficit will be more likely above $5 trillion.
So even minor tax increases on the super rich will bring in annually a maximum of $5200 billion. So the total deficit, whatever they will agree upon, will have a meaningless impact and spending cuts will come back dated in 10 years time. So they will be quite irrelevant.

ET Now: Your view on emerging market currencies and the rupee in particular?
Marc Faber: If that is the case, I would argue that the dollar has a chance to actually appreciate, especially against emerging market currencies, but I have some reservations about this optimism. I think that natural gas and the increase in oil production in the US is just one plus factor for the US compared to many negative factors such as ObamaCare.

View the original article here

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Gold not a bubble

Gold is not even close to a bubble yet. Marc Faber is a famous contrarian investor and the publisher of the Gloom Boom & Doom Report newsletter.p> Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

When interest rates go up

Eventually one day when interest rates go up, the government will monetize the debt and the inflation will go up.

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Beware of equities in 2013

2013 will not be a favorable year for holders of assets. Investors’ expectations about future returns on their assets are far too optimistic. In a world that currently hardly grows investors will need to reduce their future return expectations.

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Monday, December 17, 2012

we are in an environment where central banks are monetising debts and where the balance sheets of central banks are increasing

Marc Faber: Basically we are in an environment where central banks are monetising debts and where the balance sheets of central banks are increasing, and this will continue, especially in the United States and Europe. We are also in an environment where in the long run, a lot of sovereign debts will either not be paid or will have to be inflated away. So owning some physical gold is a prudent insurance. I am specifying here 'physical gold' because one wants to protect oneself as an investor for the potential of a systemic collapse of the financial system. ET Now: The FII flows to the Indian markets have grossed 1 lakh crore mark. What explains the strong flow of funds to emerging markets like India? Marc Faber: In general, investors realise in the world that we are in a changing environment where emerging economies are becoming more important relative to the rest of the world. So we have to, from time to time, rebalance portfolios into emerging economies. Now I am not sure that I would necessarily buy the Indian market right here, but even if India only grows at 5% or 6%, it is still much better than no growth in Europe and hardly any growth in the United States.

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Friday, December 14, 2012

Marc Faber: Krugman and Keynesians Should Move To North Korea

In a new film called "The Bubble", Faber criticizes the Federal Reserve and U.S. Dollar New York, NY - Famous investor Marc Faber is featured in a new film about the ongoing financial crisis. Faber is one of many interviews in “The Bubble”, a documentary that interviews the experts that predicted the 2008 crash and asks what happens next. Other cast members include Jim Rogers, Peter Schiff, Ron Paul, Marc Faber, Doug Casey, Jim Grant and numerous others. The script is written by Dr. Tom Woods and based off his New York Times best seller “Meltdown.” Renowned bearish investor David Tice is the Executive Producer. In the film, Faber says that the global economy is decelerating very rapidly. He said, “In my view we have too much debt in the household level, the student level and the government level.” Faber predicted deficits over a trillion dollars in America for the next 10 years. He says this will will hurt economic growth immensely. “I'm ultra bearish on paper money.”, said Faber. “There is a bubble in government bonds. People will realize that their money will lose purchasing power and will no longer trust to buy government bonds, notes or bills.” Faber's views on government debt are linked to inflation. He said, that consumer price increases around the world are much higher than what the government is reporting. In the U.S., Faber estimates that consumer price levels are rising by 5 to 8 percent annually. The interview has some interesting quotes from Faber that might be surprising to some. He made his distaste of Keynesian economists and central bankers clear by saying, “ Krugman thinks the fiscal deficits are too small. One of the problems of the crisis is that it was called by government intervention with fiscal and monetary measures. Now they tell us we didn't intervene enough. Yet, if they really believe that, they should go and live in North Korea where they have a communist system.” The raw footage of the interview is available online at http://www.TheBubbleFilm.com. Updates about the film, including information about its upcoming release, can also be found at http://www.Facebook.com/TheBubbleFilm.

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Thursday, December 13, 2012

Continuous interventions by Governments have led to greater instability

Marc Faber : "Continuous interventions by governments with fiscal and monetary measures, instead of smoothing the business cycle, have actually led to greater instability. The short-term fixes of the New-Keynesians have had a very negative impact, particularly in the United States. Faber said to the LBMA The ANNUAL CONFERENCE of the London Bullion Market Association recently

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Wednesday, December 12, 2012

Marc Faber: S & P 500 could fall to 1180

The broader index S & P 500 index of blue-chip Dow Jones Industrial Average may register a decline of 20 percent from their peaks in the recent investor Marc Faber veteran, known for his apocalyptic prediction. "I think we face a global slowdown in world economies and disappointing corporate results and would not be surprised to see a decline in indices of, say, 20 percent," said Faber in an interview with financial publication CNBC. "It's not a big drop. If you take such a decline does not necessarily get out of bed in the morning, "says the specialist. In mid-September broader index S & P 500 peaked at a level of 1 475.51 points, while the blue-chip Dow rose 661.87 points to 13. Decrease of 20% from these levels translates to drop to 1,180 points for the S & P 500 and 10,930 points. Despite the expected third wave of Fed stimulus, Faber does not believe that monetary incentives alone will affect the extent of the economy. They can cause side effects, but not empirically proven that throwing so much money in the system to solve the problems her.

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Friday, December 7, 2012

Raw footage of Marc Faber interview from The Bubble.

Mark Faber predicted the housing crash years before it happened. Ben Bernanke didn't see it coming until it was there. There is much trash on youtube, you are right. But every now and then a gem can be found as is the case here

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Marc Faber Outlook for Gold


Marc Faber is one of the very successful investors on earth. He recently explained his view on the monetary policies of the developed regions in the world. Obviously he is no fan of the  Keynesian way of thinking which is applied by the central banks in the developed regions.
The Keynesian policy considers easy money as a way out of economic recession and deflation. They argue that money creation smoothens out the business cycle. In his presentation, Marc Faber demonstrates that these kind of interventions achieve exactly the opposite: they make the business cycles much more violent, create extreme fluctuations in economic activity and result in far more financial volatility. In his opinion, the essential problem is that the Keynesian way of thinking tries to solve long term structural problems with short term fixes, with an emphasis to create bubbles to help the economy. However, Mr Faber notes that bubbles usually hurt the majority of market participants.
Based on the US Fed philosophy you can’t identify bubbles, but if they burst you can take measures to support asset prices by flooding the markets with liquidity (read: by “dropping dollar bills from an helicopter” in order to prevent deflation). In line with that way of thinking, the Fed has slashed interest rates  and created liquidity over the last 30 years on a continuing basis.
“Nationalism will emerge. Healthier countries will not see fit to spend their hard earned money to bail out their less responsible neighbors.”
Marc Faber believes that these policies have one big problem: central banks simply cannot determine what will happen with the money that is created. The key point is that inflation does not necessarily occur in wage inflation or in consumer prices. The additional liquidity however can create unpredictable sorts of inflations. For instance, it can result in a housing boom in country X, or in employment wage inflation in country Y, or in commodity price inflation in country Z. Furthermore, not every price increase will occur at the same rate, with the same intensity, at the same time. Those are the “unintended consequences” of money printing, which Marc Fabers discusses in detail with a lot of examples in his presentation.
“High monetary inflation brings distortions in the price mechanisms and volatility.” One of the examples Mr Faber used in his presentation is the Mexican deflation, in which the currency debased sharply against eg the US dollar between 1979 and 1983. From the lows in 1983 till its highs in 1988, the Mexican equity market in US dollar increase  44-fold!
Marc Faber his conclusion: money printing brings more and unpredictable volatility. We saw a major low in equities in March 2009 which we probably won’t see again because “every drop”  comes with a new round of QE. Going forward, he believes that owning GOLD is a must for every individual and investor. Gold is not in a bubble as we haven’t seen rapid acceleration of prices (as an example, look back at 1979 where the gold price doubled in 3 months).
Source: Marc Faber Believes That Owning Gold Is A Must
 Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Wednesday, December 5, 2012

Owning Physical Gold Is A Prudent Insurance

Basically we are in an environment where central banks are monetising debts and where the balance sheets of central banks are increasing, and this will continue, especially in the United States and Europe. We are also in an environment where in the long run, a lot of sovereign debts will either not be paid or will have to be inflated away. So owning some physical gold is a prudent insurance. I am specifying here 'physical gold' because one wants to protect oneself as an investor for the potential of a systemic collapse of the financial system. - in Economic Times

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Crude Oil Prices Outlook

One hears all kinds of forecasts that oil prices will tumble and some are forecasting oil prices to go up substantially. There are all kinds of views. The fundamental fact is simply that not only for oil but for other commodities as well the production cost has risen very substantially. So I think that new oil will cost at least around $60-70 a barrel for the exploration and the capital investments. Therefore, I do not think that oil has a huge downside risk, but we live in a volatile world. In July 2008 we were at $147 a barrel and within six months, we dropped to $32 a barrel in December 2008. I would not want to necessarily go short on oil for the simple reason that the situation in the Middle East is deteriorating at an accelerating pace. - in Economic Times

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

I Do Not Believe There Will Be A Fiscal Cliff

I do not believe there will be a fiscal cliff. What will happen is that there will be some cosmetic spending cuts which will amount to no spending cuts in reality. There will be some cosmetic tax increases that will touch really a minority and the irrelevance on a fiscal deficit that officially is running around $1.3 trillion, but if you added the unfunded liabilities that accrue every year, the fiscal deficit will be more likely above $5 trillion. So even minor tax increases on the super rich will bring in annually a maximum of $5200 billion. So the total deficit, whatever they will agree upon, will have a meaningless impact and spending cuts will come back dated in 10 years time. So they will be quite irrelevant. - in Economic Times

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Monday, December 3, 2012

Investing: It Is Very Difficult To Beat Compound Interest

Marc Faber : I think in general it is very difficult to beat compound interest. If you had invested money at the time of the birth of Christ at just 5%, you would have a higher net worth today than that of the entire world. - in Trading The World`s Markets

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Marc Faber : Selling Gold? I Know Better!

Marc Faber : "I keep in my toilet a picture of Mr. Bernanke. And every time I think about selling my gold, I look at it and I know better!" - in Twitter

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Saturday, December 1, 2012

Marc Faber interview From The Bubble Film

The Bubble - Raw footage of Marc Faber interview ,Raw footage of Marc Faber interview from The Bubble.

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Friday, November 30, 2012

When Interest Rates Tick Up, The U.S. Will Be In A Mess

Marc Faber : One day when interest rates go up for whatever reason, maybe next year, or in 3 years time, interest payments on the government debt will balloon, an in say, 7 years time, the interest payments on the US government debt will be between 35 and 50 percent of tax revenues. Then you are in a huge mess. I believe to get out of that mess they will monetize, they will have all kinds of stimulus packages that will lead to high inflation and the standards of living of the typical household, the average household, will go down. It will enrich a few people, the elite, essentially on Wall Street. But then to distract the attention, the US will escalate its war efforts and then we will go into war in the world and then the whole thing will collapse. - in ET Now

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Wednesday, November 28, 2012

Global Outlook : Marc Faber on Gloom, Boom Doom Report

Marc Faber talks about total disaster with a collapse of capitalistic system..

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Monday, November 26, 2012

Marc Faber - Market View

Marc Faber - Market View


ET Now : Marc Faber - Market View by ETnow

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Saturday, November 24, 2012

Gold: Anywhere Close To A Bubble Stage

"Gold is not anywhere close to a bubble stage." - in LBMA 2012 Related: SPDR Gold Trust ETF (GLD) Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Thursday, November 22, 2012

We lived beyond our means from 1980 to 2007

Marc Faber : "There will be pain and there will be very substantial pain. The question is do we take less pain now through austerity or risk a complete collapse of society in five to 10 years’ time?" "In the Western world, including Japan, the problem we have is one of too much debt and that debt now will have to be somewhere, somehow repaid or it will slow down economic growth,” stated Faber. “I think we lived beyond our means from 1980 to 2007, and now it’s payback period.” - in CNBC


Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Wednesday, November 21, 2012

The Short-Term Fixes Of The New-Keynesians Have Had A Very Negative Impact

Continuous interventions by governments with fiscal and monetary measures, instead of smoothing the business cycle, have actually led to greater instability. The short-term fixes of the New-Keynesians have had a very negative impact, particularly in the United States. - in Prison Planet

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Inflation: It Will Not Lead To An Even Increase In All Prices

Ben Bernanke can drop as many Dollar bills as he likes into this room but what he doesn't know is what we will do with them. His helicopter drop will not lead to an even increase in all prices. Sometimes it will be commodities, sometimes precious metals, collectibles, wages or financial assets. More importantly, the doors to this room are not locked. And so money flows out and has an impact elsewhere – not in this room. - in the LBMA conference, Hong Kong

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

You Don't Become Rich By Consuming

You don't become rich by consuming. You need capital formation. Unlike investing in a factory to earn profits and repay your loan, consumer credit is totally different. You spend it once, and you have merely advanced expenditure from the future. - in Gold Seek

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Selling Gold? I Know Better

. "I keep in my toilet a picture of Mr. Bernanke. And every time I think about selling my gold, I look at it and I know better!" - in Twitter

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Unproductive Credit

"Government credit is the most unproductive credit of all." - in LR

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Wednesday, November 14, 2012

The Market Is Going To Go Down

I don’t think markets are going down because of Greece, I don’t think markets are going down because of the “fiscal cliff” – because there won’t be a fiscal cliff. The market is going down because corporate profits will begin to disappoint, the global economy will hardly grow next year or even contract, and that is the reason why stocks, from the highs of September of 1,470 on the S&P, will drop at least 20 percent, in my view. - in CNBC

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Take The Pain Now, Or A Collapse Later

There will be pain and there will be very substantial pain. The question is do we take less pain now through austerity or risk a complete collapse of society in five to ten years’ time? In a democracy, they’re not going to take the pain, they’re going to kick down the problems and they’re going to get bigger and bigger. - in CNBC

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

The Whole Global Financial System Will Have To Be Reset

I think the whole global financial system will have to be reset and it won’t be reset by central bankers but by imploding markets — either the currency markets, debt market or stock markets. It will happen — it will happen one day and then we’ll be lucky if we still have 50 percent of the asset values that we have today. - in CNBC

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Monday, November 12, 2012

The Market Tends To Rally Towards Year-End

"But the market tends to rally towards year-end, and i think from a low of around 1360, we could have a rally to January, but I think sometime next year will be again lower." - in Bloomberg TV

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Nominal GDP & A Proper Deflator

If nominal GDP was adjusted by a proper price deflator, we would probably already be in recession. - in Business Insider

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

The State Of The World

That is the state of the world. We have worsening economic conditions, but we have money printing. - in Business Insider

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Dependance On Government Largess

Marc Faber : In order to exercise control over the population, governments throughout history have made people dependent on government largess. A government can make an increasing number of people dependent on its generosity by providing more and more benefits to a larger and larger share of the population. Because of these “freebies,” people will go along with the government’s enlargement as a percent of the economy. The masses believe in their free lunch and because the business elite knows it can profit from the growth in government. However, there comes a point at which the “nanny state” becomes unviable. Raising taxes to pay for the freebies become problematic. Fortunately for the governments, they have a Treasury and/or a central bank that can print money and monetize the government’s debts.

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Friday, November 9, 2012

Obama Is A Disaster For Business

I am surprised with the reelection of Mr. Obama. The S&P is only down like 30 points. I would have thought that the market on his reelection should be down at least 50%...I think Mr. Obama is a disaster for business and a disaster for the United States. Not that Mr. Romney would be much better, but the Republicans understand the problem of excessive debt better than Mr. Obama who basically doesn't care about piling up debt. You also have in the background Mr. Bernanke, who with artificially low interest rates enables the debt to essentially escalate endlessly. - in Bloomberg

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Obama: Regulations, Taxes & Bernanke

The problem with Mr. Obama is that you get more regulation and it’s disincentive for businessmen to hire people. You probably also get higher taxes, so in terms of the economy, he is very negative in my view. But you still have Mr. Bernanke, and you still have because of money printing very high corporate earnings. They are now coming down, but they are still at the elevated level. You have money printing supporting the market and on the other hand, you have an economic slowdown globally which will affect earnings negatively. It is difficult to tell where the market will go because we have so much manipulation. I think, minimum, it will drop 20%. - in Bloomberg

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Market Outlook: Money Printing Versus Global Slowdown

You have money printing supporting the market and on the other hand, you have an economic slowdown globally which will affect earnings negatively. It is difficult to tell where the market will go because we have so much manipulation. I think, minimum, it will drop 20 percent. - in Bloomberg TV

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

The Standards Of Living In The Western World Will Continue To Decline

We don't know how the world will look in five years' time. I am pretty sure central banks will continue to print money and the standards of living for people in the western world, not just in America, will continue to decline because the cost of living increases will exceed income. The cost of living will also go up because all kinds of taxes will increase. - in Business Insider

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

The Market Tends To Rally Towards Year-End

"But the market tends to rally towards year-end, and i think from a low of around 1360, we could have a rally to January, but I think sometime next year will be again lower." - in Bloomberg TV

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Wednesday, November 7, 2012

Democracies, Reforms & Revolutions

History kind of repeats itself. In democracies, you start with good intentions, and then power becomes polarized among few people and eventually you have either huge changes occurring in a peaceful fashion through reforms or usually through revolutions. - in a recent interview

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Obama And Romney are all the same

"If you put a gun on my head and you said you must choose either Mr. Obama or Mr. Romney, I would say, please shoot." - comment made during the presidential campaign

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Monday, November 5, 2012

The US Dollar Will Strength Over The Next Couple Of Months

The difference is that Spain and Greece can only print money to a very limited extent. To some extent they can, but very limited. Whereas the U.S. can endlessly print money, which could lead to a severe dollar weakness overtime. Now for the next couple of months I think the US Dollar will strength, not because anything is particularly favorable in the US but we have even worse conditions in Europe. - in a recent interview

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Friday, November 2, 2012

The Chinese Economy Is Slowing Down Rapidly

The Chinese economy is slowing down rapidly. In my opinion, it is not growing at any more than 4 percent now. - in Economic Times

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Money Printing: Where Does It Flow Into?

"You can print money, but you can't control where the money will flow into." - in Seeking Alpha

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

The Euro Break Up Will Probably Happen Sometime In Future

I do not think it will happen right away because the politicians want to keep the Eurozone intact, but the situation in Portugal, Greece, Spain, Italy and even France is actually unsustainable in the long run because of the unfunded liabilities. So a Euro break up will probably happen sometime in future, but not for another three or five years. - in Economic Times

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Tuesday, October 30, 2012

Relatively Cautious Stance Towards The Asian Markets

At present, there is high level of economic activity in India as well as China and Southeast Asia, but India is not growing anymore. Hence, I will take a relatively cautious stance towards the Asian markets. - in ET

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

We Will Have A Colossal Mess Everywhere In The Western World Within 5 To 10 Years

Eventually, you have either huge changes occurring in a peaceful fashion through reforms, or, usually, through revolutions. I think the timeframe would be within five to ten years you have a colossal mess everywhere in the Western world. I think the deficit here in the U.S. — irrespective of who is in the White House — will stay above a trillion dollars per annum for at least as far as the eye can see. - in CNBC

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

My Medicine For The U.S.: Reduce Government By Minimum 50%

My medicine for the U.S. is: Reduce government by minimum 50 percent. The impact would be immediately an improvement in the economy. - in CNBC

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

The Chinese Economy Is Slowing Down Rapidly

The Chinese economy is slowing down rapidly. In my opinion, it is not growing at any more than 4 percent now. - in Economic Times

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Friday, October 26, 2012

Eurozone Breakup Possible

Marc Faber : I do not think it will happen right away because the politicians want to keep the Eurozone intact, but the situation in Portugal, Greece, Spain, Italy and even France is actually unsustainable in the long run because of the unfunded liabilities. So a Euro break up will probably happen sometime in future, but not for another three or five years. - in Economic Times

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

A Weak Yen Could Be A Trigger For Japanese Equities

The Chinese economy is slowing down rapidly. In my opinion, it is not growing at any more than 4 percent now. The market was at 6000 in 2007, and today we are down to around 2000. Clearly, the market has already discounted a lot of bad news and if a junk country like Greece could rally from the lows of 65 percent, we can expect a trading rally in China of 20-30 percent over the next 4 or 5 months. Additionally, the Japanese Yen has begun to weaken and that should be a positive trigger for Japanese equities. - in Economic Times

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Thursday, October 25, 2012

US Market Have Peaked Out And We Are In A Downtrend

Marc Faber : We have peaked out recently a couple of weeks ago and we are in a downtrend. Eventually, the markets will be down 20%, but will be oversold in about 10 days' time to two weeks' time. So there can be a year-end rally, but certainly no new highs in the markets. - in Economic Times

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Wednesday, October 24, 2012

If You Can’t Take A 20 Percent Decline, Don’t Get Out Of Your Bed In The Morning

I believe globally we are faced with slowing economies and disappointing corporate profits, and I will not be surprised to see the Dow Jones, the S&P 500, the major indices, down from the recent highs by say, 20 percent. That is not a big decline. If you can’t take a 20 percent decline, don’t get out of your bed in the morning. - in CNBC

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

The Fiscal & Monetary Stimulus Works On The Economy

I don’t believe fiscal and monetary stimulus works on the economy. It may have side effects and unintended consequences, but it is not empirically proven that if you throw money at the system you solve any problems. - in CNBC

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Tuesday, October 23, 2012

The Greatest Garbage Could Rebound

If Greece could rebound by 65 percent the greatest garbage could rebound by 65 percent,"  Faber told CNBC’s “Squawk Box.”  Watch full interview here >>>>>>

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Monday, October 22, 2012

The Most Important Investment You Ever Make

The history of the human race is a history of war. And the next war may not be groups of tanks facing off with one another. I can imagine that London's water or electricity will be cut off. Or, the system of internet connections...or the electronic banking system... will be shut down. We all depend on those things much more than we realise. Society has become very complex and very interdependent. A breakdown anywhere could mean a breakdown of the whole system. That's when you'll wish you had followed my advice and gotten a farm where you could be more or less self-sufficient... at least for a while. That could be the most important investment you ever make. - The Daily Reckoning

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Reduce Government By Minimum 50 Percent

Marc Faber : My medicine for the U.S. is: Reduce government by minimum 50 percent. The impact would be immediately an improvement in the economy. - in CNBC

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

US Stocks Are Going To Go Down 20 Percent

Marc Faber : I think here we’re going to go down 20 percent from the recent top at 1,470. The technical position of the market is poor and the corporate earnings are worsening. And I believe that if the statistics were precise – which they aren’t – (…) I think there’s hardly any growth. - in CNBC

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Friday, October 19, 2012

People Have A Tendency To Rush Where Others Are

Marc Faber : People are tempted by what is hot. Suppose you open two identical restaurants next door to each other. They have the same menu, the same décor, and the same manager at the entrance. If during the first 10 days after opening, you paid people to line up in front of one of the restaurants, I guarantee that one would be packed with diners all the time and the other, identical one next door, would be empty, because people have a tendency to rush where others are. - in Trading the World`s Markets

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

China Is Growing At Maximum 4%

Marc Faber : “I think at the present China is growing at maximum 4 percent.” - in the IMF/World Bank annual meetings

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Monday, October 15, 2012

I don't particularly like Chinese companies

Marc Faber : ...actually I do not think there is a hurry to buy anything but if I have to really choose anything I might go for rebound in Chinese stocks because the Chinese will also print money after the government changes and you could easily get twenty thirty percent rebound , i personally I don't particularly like Chinese companies I would rather play it through the Hong Kong market ...- in CNBC Fast Money

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Downside Risks

“I just want to have a lot of cash because within the next 6-9 months we can buy just about anything 20 percent lower.” - in CNBC

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Saturday, October 13, 2012

if Obama is elected, I think the Dow Jones should be negative

Marc Faber : "Because if I look at the presidential candidates today, if Obama is elected, I think the Dow Jones should be negative-13,473, and if Romney gets elected, it should be minus 6,000." - in CNBC

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Friday, October 12, 2012

There Is Inflation In The System But It’s Not Obvious

Some economists say that there is little consumer price inflation. But there is, because the money-printing has lifted asset prices like those for luxury property, art, equities or bonds. There is inflation in the system but it’s not obvious. - in Emerging Markets

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Thursday, October 11, 2012

Standards Of Living Will Continue To Decline In Europe

Marc Faber : Over the next five years or so, we will witness slow growth or no-growth in Europe, coupled with continuing drop in the standard of living, both in the US and Europe. - in Business Standard

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Wednesday, October 10, 2012

US Elections: Candidates Are Clueless And Artificial

"Both candidates are clueless and completely artificial..." - in CNBC

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Markets May Have A Serious Setback

Marc Faber : Basically, I think QE3, which I think is unlimited, and bond purchases by the ECB bailout of countries have been largely discounted by the market, and the markets have been weaking technically, so I believe that we may have here quite a serious setback. - in CNBC

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Friday, October 5, 2012

I Have A Lot Of Cash At The Moment

Marc Faber : I have a lot of cash at the moment, because on this rally since April I have been lightening up on positions. - in CNBC

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

20 Percent Downside Risk

Marc Faber : I just want to have a lot of cash because I think that within the next six to nine months we can buy just about anything 20 percent lower than it is now. - in CNBC

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Thursday, October 4, 2012

Investing: It Is Very Difficult To Beat Compound Interest

Marc Faber : In think, in general, it is very difficult to beat compound interest. If you had invested money at the time of the birth of Christ at just 5 percent, you would have a higher net worth today than that of the entire world. - in Trading The World`s Market - Interviews With The World Great Global Investors

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Wednesday, October 3, 2012

Stock Markets Can Easily Drop 20 Percent

Marc Faber : I am now bearish about practically all assets near term I think we’re entering a correction time where there will be some disappointments, where stock markets, from the recent times can easily drop 20 percent. - in Fox Business News

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Risky Assets Will Face Some Profit Taking

Marc Faber : I’m not 100% in cash, for the simple reason that I could be wrong, but in general I think that people that have a heavy exposure to assets being that equities, or gold, or other commodities. I think they will face some profit taking here. - in Business Insider

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Tuesday, October 2, 2012

We Are Entering A Correction

Marc Faber : In fact, I am now bearish about practically all assets near term. I think we’re entering a correction time where there will be some disappointments, where stock markets can easily drop 20 percent. - in Money News

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Gold Has Had A Huge Rally And Needs A Correction

Marc Faber : Gold has had a huge rally — the low was $1,522 last December and we are now over $1,700 and I think we need a correction here. - In Fox Business News

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

The Thai Banks Are Safer Than Many Western Banks

Marc Faber : Now I happen to believe if you have money on deposit in Thai banks, it's much safer than if you have deposits with Citigroup, UBS, Royal Bank of Scotland and so on, because Thai banks don't have huge derivative portfolios. JPMorgan, they have trillions of dollars in derivatives. Nobody knows how to value this 'garbage.' - in China Post

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Monday, October 1, 2012

Video - US Economy 100% Chance of Another Recession

Marc Faber : “It has a huge rally from around – the low was a 1522 last December and we are now over 1700 and I think we need a correction here. In fact, I am now bearish about practically all assets near term I think we’re entering a correction time where there will be some disappointments, where stock markets, from the recent times can easily drop 20%.”

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Wealth Inequality And The Income Inequality Is Far Larger Than 20 or 30 Years Ago

Marc Faber : Basically we have one thing for sure, is that today the wealth inequality and the income inequality between say the 1 percent wealthiest people and the 99 percent that are less wealthy is far larger than it was 20 or 30 years ago. And very clearly money printing historically has always benefited a few at the expense of the many. - in a recent interview on asset bubbles
Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Saturday, September 29, 2012

Every Inflation Eventually Comes To An End

Marc Faber : We don`t know when it will burst, but I could imagine that every inflation eventually came to an end. Consumer price inflation of the 1970`s came to an end, the asset inflation in equities, notably the Nasdaq in 2000 came to an end, then the commodities boom in 2007/2008 came to an end, the housing bubble came to an end. Seems that all the money is flowing essentially into the hands of well-to-do people in the financial sector. I could imagine a situation where suddenly well-to-do people will suffer the most. Either through increased taxation or through a decline in asset prices. - in FNN Australia

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Friday, September 28, 2012

I Will Never Sell My Gold As Long As We Have People Like Bernanke At The Fed

Marc Faber : I will never sell my gold as long as we have people like Bernanke at the Fed and fiscal deficits as far as we can see. - in CNBC

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Money Not Flowing Into Economic Activity, But Into Asset Prices

Marc Faber : The money (from monetary easing) does not flow into economic activity, it flows essentially into asset prices, into speculation. - in FNN Australia

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Wednesday, September 26, 2012

[Video] Marc Faber Dispels the Stimulus Illusion

9/18/2012 - FNN Australia did a Great interview with Dr. Marc Faber chairman of Marc Faber LTD and Editor/Publisher of the Gloom, Boom and Doom Report. Australia Financial Radio.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Tuesday, September 25, 2012

The Next Fed Chairman Will Also Be A Money Printer

Marc Faber : Bernanke is a money printer and, believe me, if Romney wins the election the next Fed Chairman will also be a money printer. - in CNBC

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Monday, September 24, 2012

A Fiscal Grand Canyon

Marc Faber : The money printers are responsible for this crisis. If we continue with this expansionist monetary policy we won’t be facing a fiscal cliff it will be a fiscal grand canyon. - in CNBC

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

QE Only Helps The Rich People

Marc Faber : QE helps rich people whose asset prices go up and whose net worth then increases but it doesn’t flow to the man on the street who is faced with higher costs of living with price rises. You just have a small economy that is booming but the majority of the economy is damaged by QE. - in CNBC

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

QE Boosts The Price Of Warhols

Marc Faber : The fallacy of monetary policy in the US is to believe this money will go to the man on the street. It goes to the Mayfair economy of the well-to-do people and boosts asset prices of Warhols. - in CNBC

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Saturday, September 22, 2012

We Are Headed Towards A Fiscal Grand Canyon

Marc Faber : The money printers are responsible for this crisis. If we continue with this expansionist monetary policy we won’t be facing a fiscal cliff it will be a fiscal grand canyon. - in CNBC

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Friday, September 21, 2012

The Government Makes Up 50% Of The Economy in The Western World

Marc Faber : If we have an economic crisis in the Western world it’s because the government makes up 50 percent or more of the economy. This is a cancer that is taking away people’s freedom. - in CNBC

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Thursday, September 20, 2012

My Investment Strategy : Precious Metals, Equities, Real Estate and Cash

In this environment of negative real interest rates we will have a lot of volatility and there are two strategies you can use. One is to aggressively shift from one asset class to another. The other strategy, involves the more passive approach of dividing a portfolio into four equal components — precious metals, equities, real estate and cash. - in CBS Market Watch

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

European Crisis Opportunity for Investors

Marc Faber : I think investors will look back at the European crisis today and think we should have bought equities in 2012. - in CBS Market Watch
 Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Wednesday, September 19, 2012

Paper Money Purchasing Power will Go Down

The purchasing power of paper money will go down. - in Bloomberg

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Congratulations Mr. Bernanke I am happy

The fallacy of monetary policy in the U.S. is to believe that this money will go to the man on the street. It won’t. It goes to the Mayfair economy of the well-to-do people and boosts asset prices of Warhols … .Very happy. Very good for the Fed. Congratulations, Mr. Bernanke. I’m happy. - in Money News

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

China Stocks Good Investment

Mar Faber : "I think China stocks are quite a good buy." - speaking during a hedge fund managers’ forum in Hong Kong

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Equities are Better Investment than Bonds

I don`t like bonds, I don`t particularly like equities, but I think equities are a better space to be in than bonds. - in Bloomberg TV

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Kazakhstan: Next Investments El Dorado

Marc Faber : Kazakhstan is a much sounder country than the United States or any European country. - in CNBC

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Own Gold But Don’t Store It In The U.S.

Mar Faber : The trend for gold prices will be steady but the trend for the dollar and other currencies will be down. So in other words gold in dollar terms will trend higher. How high it will go, you will have to call Mr Bernanke and at the Fed there are other people who actually make Mr Bernanke look like a hawk and so they are going to print money. You ought to own some gold but don’t store it in the U.S., the Fed will take it away from you one day. - in Business Insider

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Monday, September 17, 2012

QE Helps Rich People Only

Marc Faber : QE helps rich people whose asset prices go up and whose net worth then increases but it doesn’t flow to the man on the street who is faced with higher costs of living with price rises. You just have a small economy that is booming but the majority of the economy is damaged by QE. - in CNBC

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Unlimited QE , Asset Prices & The Mayfair Economy

Marc Faber : This unlimited QE (quantitative easing) , buying mortgage-backed securities (MBS) and continuing operation twist has the implication of simply having asset prices go up and the money flows down to the Mayfair economy . - in CNBC

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Gold Trend Higher In Dollar Terms

Marc Faber : The trend for gold prices will be steady but the trend for the dollar and other currencies will be down. So in other words gold in dollar terms will trend higher. - in Resource Investor

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

If Romney Wins, The Next Fed Chairman Will Be A Money Printer Too

Marc Faber : If Mr. Romney wins the election, the next Federal Reserve Chairman will also be a money printer. - in Bloomberg

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Saturday, September 15, 2012

QE Money doesn’t flow to the man on the street

Marc Faber : QE helps rich people whose asset prices go up and whose net worth then increases but it doesn’t flow to the man on the street who is faced with higher costs of living with price rises. You just have a small economy that is booming but the majority of the economy is damaged by QE. - in CNBC

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Friday, September 14, 2012

Bernanke Should Resign

Marc Faber : "If I were Bernanke for sure I would resign after having messed up the US and as badly as Mr Bernanke and Mr Greenspan have done over the last fifteen years," - in CNBC

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Government spending is a cancer

Marc Faber : "Government spending is a cancer that is spreading and taking the freedom of people away and with more and more regulation they are harassing the entrepreneurs," - in CNBC

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

QE3 is a Temporary Boost Followed By A Crash

Marc Faber : If I had messed up as badly as Bernanke I would for sure resign. The mandate of the Fed to boost asset prices and thereby create wealth is ludicrous — it doesn’t work that way. It’s a temporary boost followed by a crash. - in CNBC

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Thursday, September 13, 2012

As long as you Print Money Asset Prices will go up

Marc Faber : as long as you print money asset prices will go up and you will have negative interest rates so to hold cash is dangerous , bonds are relatively unattractive , so I think that stocks may still go up somewhat , I think that a lot of QE3 and off buying by the ECB of bonds in Europe has been discounted by the market , but if a big QE3 is announced then stocks could rally may be another three , four , five percent and then there will be disappointments so I think that sometimes in the next six months you can buy pretty much everything cheaper than right now ...- in Fox Business News

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

The Asian economies have come off the peak

Marc Faber : There has been a very significant economic slowdown globally in real terms. We are in recession in Europe. We have hardly any growth if it was measured properly in the U.S., and in asia, i'm not saying we're in a slump, but we have a tremendous recovery, 2009 to 2011, and just over the last six months the Asian economies have come off the peak. In other words, we have high economic activity but in my view no longer any growth in Asia. - in CNBC

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Tuesday, September 11, 2012

I would hold some physical gold regardless of the economic outcome

Marc Faber : I would hold physical gold with a country that has a culture with gold such as Australia. In a collapse, the gold price could fall 50 percent, but if everything else falls by 90 percent, then you are relatively well off. So I would hold some physical gold regardless of the economic outcome. - in CNBC Asia

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Business Has Definitely Slowed Down Considerably in Asia

Marc Faber : (In) some countries, you know, like vietnam car sales are down 40 percent, steel production or steel usage is down 40 percent from the peak a few years ago. So we have in some countries already a meaningful slowdown and by and large if you talk to businessmen, business has definitely slowed down considerably. - in CNBC Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

The larger the Government is, the larger the abuse is in a system

Marc Faber : This is a very dangerous trend, and I will always, always fight governments on every level I can because the larger the government is, the larger the abuse is in a system. - in Business Insider
Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Saturday, September 8, 2012

Holding Physical Gold in a Country like Australia

Marc Faber : I would hold physical gold with a country that has a culture with gold such as Australia. In a collapse, the gold price could fall 50 percent, but if everything else falls by 90 percent, then you are relatively well off. So I would hold some physical gold regardless of the economic outcome. - in CNBC Asia

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Friday, September 7, 2012

Global Financial Collapse in The Next 3 - 9 Months

Marc Faber : I personally think that for the next three to six-nine months, equity markets will rather go down than up and a better buying opportunity will occur at some point in this period over the next nine months. - in India Economic Times

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

European Markets Could Easily Correct 10 To 20 Percent From The Recent Highs

Marc Faber : I think European markets could easily correct 10 to 20 percent from the recent highs that we have had, but I don’t envision new lows. I bought some shares in Portugal, Spain, Italy, and France, and after I bought them in the last three to four months, the market rallied strongly. I am negative on equities for the next three months, I’m not saying they will collapse but they will go down and I will add to my positions when the market corrects here. - in Squawk Box CNBC Asia

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

European Equity Markets Safer Than Bank Deposits

Marc Faber : Also if you are an investor in one of these countries (Italy and Spain), what are you going to be more comfortable holding — the deposits in one of your banks or equities? So, I think a lot of money is flowing into these equity markets because the perception is that they are safer than bank deposits. - in Squawk Box CNBC Asia

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Wednesday, September 5, 2012

Jackson Hole Meeting did not produce anything

Marc Faber : Basically the Jackson Hole meeting did not produce anything that we investors did not know before. What was basically articulated by the Fed Chairman, Mr. Bernanke, was that if conditions warranted, there will be more QE3 and the conditions will eventually warrant more QEs and there will be QE3. The question is when will it happen and to what extent have equity markets and also property markets in the US already discounted QE3. - in Indian Economic Times

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Some European Stocks Are Now Very Cheap

Marc Faber : The European markets, some of them like France, Italy, Spain, Greece and Portugal, two months ago were either below the 2009 low or close to the 2009 low on the S&P 500 Index that would be the equivalent of 666 (index points). So relative to other markets, some European stocks are now very inexpensive - in Indian Economic Times 

 Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Marc Faber : Invest in Italy, Spain, Portugal or France

Marc Faber : I would say the opportunity in my opinion, and as I have written about this in my reports, is essentially to now pick up some European shares at very distressed valuations.
Two years ago a book was published 'Invest in Europe Now'. Of course the timing was not particularly good and the markets since then in Europe have completely imploded. Now recently the markets have bounced off their lows in the case of Italy, Spain, Portugal and France by between 18% and 30% from the lows in June-July. The correction is now coming, but I do not think we will see new lows because whereas two years ago the sentiment was very optimistic about the Euro and about Europe, now it is at an extremely negative reading.
There is nobody who has anything favorable to say about Europe, but stocks are at discounting mechanism and they have pretty much discounted all bad news. - - in Indian Economic Times
Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Industrial Commodities Will Remain Under Pressure

Marc Faber : I am not that optimistic that we are at the beginning of a large rally in commodities in general because industrial commodities will remain under pressure due to the fact that the Chinese economy is slowing down considerably. - in Indian Economic Times

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Monday, September 3, 2012

M&A Is Strong In Asia

In Asia we have a lot of takeover activity and much more will happen. - in Bloomberg

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Different Levels Of Success

Marc Faber : Success comes on different levels in life. You can have monetary success and you can have success because you are a nice doctor that helps poor people and you can have success by keeping the garden of your boss in perfect condition. I am not a kind of a person that values success very highly for people that have business success or are famous. Fame is totally irrelevant. Three years after you and I die, nobody will know us and talk about us. - in media.bloomberg

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

When Asset Prices Go Up, Wealth Inequality Increases

Marc Faber : If we look to the last 10 years in the United States, I would imagine that the standard of the average household, of the median household has gone down. There has been a polarization of wealth because if you print money, it benefits people that have assets. When asset prices go up then obviously wealth inequality increases. - in Bloomberg Radio

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Thursday, August 30, 2012

Investors Do Not Trust The System Anymore

Marc Faber : A lot of investors are in equities, in bonds, in gold and in real estate for the simple reason they do not trust the system anymore. - in a Recent Bloomberg Radio Interview

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

The Counterfeiters Are @ The Central Banks

Marc Faber : On the other hand you have the money printers, the counterfeiters at the central banks. And they are going to print money and more more... it`s just a question of when. - in Bloomberg Radio Interview

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Wednesday, August 29, 2012

More QE , If The S&P Drops 200 Points

Marc Faber : " If the S&P drops 150 or 200 points, you can be sure that there will be more QE, not only QE3 but QE4 and so forth." - in GoldSeek Radio
Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Tuesday, August 28, 2012

Massive Easing Only Could Boost Activity

Marc Faber : It would take massive easing, a huge balance sheet expansion to boost economic activity in the United States. - in Advisor One

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Corporate Earnings Outlook

Marc Faber : The corporate sector has recovered remarkably since the trough in earnings in 2009, and we are at record-high earnings. Corporate profits will disappoint over the next 12 to 18 months. - in CNBC

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

CHINA : The Economic Slowdown Is More Pronounced Than Official Statistics Show

Marc Faber : All these indicators (electricity production to Macau gaming revenues and consumer spending habits to appliance and air-conditioning volumes) do not necessarily suggest that the Chinese economy is collapsing, but they reliably do suggest that the economic slowdown is more pronounced than official Chinese statistics would have you believe. In addition, these indicators do not imply that the Chinese stock market will decline further (but it could). Perhaps the weak performance since 2008 has already discounted much of the slowdown in economic growth. - in Market Shadows

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Vietnam Market Is Now Relatively Inexpensive

Marc Faber : The arrests will provide long-term investors with a buying opportunity. The market is now relatively inexpensive. - in Bloomberg Radio

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Monday, August 27, 2012

Corporate Profits Will Disappoint over the next 12 to 18 months

Marc Faber : The corporate sector has recovered remarkably since the trough in earnings in 2009 and we are at record high earnings. Corporate profits will disappoint over the next 12 to 18 months. - in CNBC Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

The Deficit Will Go Up

Marc Faber : The deficit is $1.3 trillion and, in my view, will go up. -in CNBC Interview
Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Friday, August 24, 2012

Germany Likely To Go Into Recession Soon

Marc Faber : Europe is already in recession. Germany is still growing very, very slightly, but is likely to go into recession soon. - in CNBC

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

100 Percent Odds Of A Global Recession

There’s still a 100 percent chance the world heads into recession, Marc Faber, publisher of “The Gloom, Boom & Doom Report,” told CNBC’s “Closing Bell” on Thursday, “Europe is already in recession,” he said. “Germany is still growing very, very slightly, but is likely to go into recession soon.” Growth in the U.S. is also falling off. “The U.S. economy has decelerated and I don’t see much growth in the next six to 12 months,” Faber said.

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Thursday, August 23, 2012

Investment Conference Presentation: Forecasts For The Global Economy

Marc Faber discusses what opportunities are likely to emerge for institutional investors if sovereign debt continues. Furthermore, he assesses the possible impact of social and political unrest in North Africa and the Middle East, and how hedge funds can invest in emerging markets.

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Wednesday, August 22, 2012

The Stock Market Prefers Obama

In this "Fast Money" excerpt, investor Marc Faber explains why he thinks the stock market is rooting for President Obama's re-election in November.

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Tuesday, August 21, 2012

Shoot me I will not vote for Obama or Romney

Marc Faber : "If you put a gun to my head and said 'you must choose either Obama or Romney,' I'd say 'please shoot.'" - in Yahoo Tech Ticker interview

 
Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Europe & the United States, have become entitlement societies

Europe in particular and increasingly the United States, have become entitlement societies and that is very negative for economic growth, private initiative and so forth. - in Bloomberg Radio

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Monday, August 20, 2012

The Chinese Companies Pulling Out Of The American Stock Market

Marc Faber : Probably all these companies have some questionable accounting, so they may prefer to move out of the U.S., not to come under too much scrutiny. - in Arizona Republic

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Saturday, August 18, 2012

2013 A Difficult Year For Stocks

Marc Faber : I think 2013 will be a difficult year for equities. - in CNBC

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Friday, August 17, 2012

If The S&P 500 Drops 150 Points, We Will Have QE 3 & QE4

Marc Faber : I think the market is going to break out of this range. My guess would be on the downside and not on the upside because the market is already overbought here so that`s where I stand. Now, how low will we go? I think if the market drops 150 points on the S&P 500 Index we will have QE 3 and QE 4. - in CNBC Fast Money

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Marc Faber : I Do Not Think Romney Will Be Elected

In this "Fast Money" excerpt, investor Marc Faber explains why he thinks the stock market is rooting for President Obama's re-election in November.

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

We Are In The Late Stage Of A Mature Market

We’re in the late stage of a mature market and not a new bull. - in CNBC Blog Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Oversold Stocks vs. Strong Stocks

In the US there have been a few strong stocks such as Kimberly Clark (KMB), Johnson & Johnson (JNJ), Merck (MRK) and Altria (MO). They have all made new highs. Also there are some deeply oversold stocks – mostly economically sensitive companies such as miners. - in CNBC

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Wednesday, August 15, 2012

China Going To Slow Down Considerably

The growth rate we had in the last 10 years, which was around 10 percent annually, is going to slow down considerably. I would rather wait to buy Chinese stocks until we see the result of the stimulus packages. - in Bloomberg Surveillance radio interview

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

European Stocks Have Become Inexpensive

“For the first time in my life, I’ve started to buy some European stocks, and I will buy more over time. Equities have become inexpensive. - in Bloomberg Radio

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Friday, August 10, 2012

Real Interest Rates are Negative

Marc Faber : We have negative real interest rates practically everywhere. So if people keep their money on deposits, they are losing out in terms of purchasing power. - in CNBC TV 18

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

No Obama No Romney

Marc Faber : If I had to vote for Obama or Romney, I'd shoot myself. - in Business Insider
Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Markets Downside Risks Later In The Year

I think these lows could be exceeded and I think it may be October or November – or after the U.S. election – we could essentially have a decline of around 20 percent in the market. - in Business Insider

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Wednesday, August 8, 2012

Aggressive Trading vs. Diversification

Basically there are two strategies: you can be an aggressive trader and try to switch at the right times between asset classes or go for diversification. I prefer diversification because I don’t feel confident about getting the trading right. - in Resource Investor

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Deflation vs. Inflation

Well, in a way, the credit markets, say the US Treasury Bond yields...with the 10 years below 1.50 percent and so forth, they suggest deflation, whereas equity markets and some commodity markets like gold suggest rather inflation. - in The Money And Wealth Show

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Markets Can Still Rally In The Near-Term

In the near-term, I believe that markets can still rally somewhat for the simple reason that in every market you have a few strong stocks and they are breaking out on the upside. And then you have a lot of stocks that are down 40-50% and very oversold, so they can also rebound. We have a lot of liquidity in the world that has been created essentially by central bankers. We have negative real interest rates practically everywhere. So if people keep their money on deposits, they are losing out in terms of purchasing power. The sentiment among investors, at the beginning of June, was very negative when the S&P bottomed out. So I think that we may still rally somewhat into August -- mid-August, end of August and then probably will have a tougher second half. In other words, September-October-November could be somewhat tougher months. - in CNBC TV-18

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Friday, July 20, 2012

The World Is Heading Toward A Major Crisis

Marc Faber : The breaking point could be three, four, five years away. The world is heading toward a major crisis. - in Smart Money

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Wednesday, July 11, 2012

Marc Faber : Recession in Europe & Slowdown in the U.S.

Marc Faber : We are in recession in Europe We have an economic slowdown in the U.S. and we have not really recovered in the U.S. from the lows of 2009 and we have essentially a slowdown in economic growth in Asia and we have sliding commodities prices , so the commodities producers they have less money to buy goods and so we have essentially a spiral on the downside Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Monday, July 9, 2012

A Diversified Currency Portfolio

Marc Faber : No, I'm not going long on the euro because I've always maintained a diversified currency portfolio. I have U.S. dollars, euros, Singapore dollars, some Canadian dollars, and even some Australian dollars. And I have a lot of Asian currencies, Malaysia, Thai baht and so forth. - in The Market Oracle

 
Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Marc Faber : The Markets to crash within 12 months

Marc Faber : The Markets to crash within 12 months

Marc Faber : “Don’t forget July is a month of seasonal strength and that we are coming into the election, there maybe some more money printing and fiddling with statistic sense of ours. So the market may actually rally a bit more. But it doesn’t change the global picture, which is essentially for a global economic slowdown, for an increasing number of companies that are reporting disappointing sales for forecast, for earnings.”
Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Saturday, May 26, 2012

Marc Faber - Looming Global Catastrophe?

Marc Faber - Looming Global Catastrophe? Marc Faber discusses the situation Greeks find themselves in. They do not want to see their new currency, the Drachma be worth 70% less than the euro, but also refuse to accept the austerity measures.

Greece should exit the EURO.With Faber saying their currency would be worth so much less ,70% than the EURO ,it means their tourism can do very well. Eventually they will be in an opportune position for exports,just as soon as they get things settled. Austerity measures will not need to be as severe , because the debt will be limited, to their own people. It all sounds so good for Greece ,it makes me wonder why others won't do it? They will! ,and as they do it ,Germany ,ie; who holds a lot of the debt will absorb so much in losses ,that they could be seen as similar to the Chinese or Japanese with U.S. debt.,with a difference in that the U.S. can always pay by printing and even though those dollars are worth a lot less than when purchased ,they can certainly buy a lot within the shores of the U.S. What I don't get ,is Why does Greece (by defaulting ),get off the hook.This is the problem with currencies with no collateral. Too much liquidity ,given to countries that have nothing other than their own land to give up ,which I'm sure is not part of any deal. The Greeks should have to pay their creditors in Drachma's (atleast partial) ,and that currency could be used by foreign creditors ,like Germany for buying up land -housing,thus helping a Greek industry get competitive.,although Greek ownership would be much less. If they are allowed to just default and walk away ,What's to stop every other country in trouble from doing the same. Then what?
Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Wednesday, May 9, 2012

Physical Gold vs. Gold Miners

Marc Faber : I have been arguing that you are better off in physical gold than in gold miner stocks, for a variety of reasons. And when looking at gold stocks, we need to distinguish between exploration companies and producing companies. The problem with the exploration companies is that a lot of them will have financing difficulties and they will have to cut down on exploration. They may not get financing at all. If you have 100 exploration companies, 80 to 90 of them could easily be out of business. - in Bullion Vault
Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Wednesday, May 2, 2012

Marc Faber : My Advice To Young People

Marc Faber : My advice to young people is that the degree is not important. If you have parents that can pay for your degree, then I would take one. If I had to borrow a lot of money, I’m not sure I would take one. I would try to work for someone who is successful and acquire knowledge from them. Whatever you do, you should do with a lot of passion and heart and like what you do. If you like what you do, you will do a better job than if you are indifferent to what you do at your job. I think there are plenty of opportunities in every field. 

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

The Markets For The Next 1-2 Months Will Be Going Lower

Marc Faber : If you would build an advance/decline line of all stock markets in the world, it would be in a downtrend. And I think that the markets for the next one-two months will be going lower. - in Economic Times
Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

India: Fiscal Deficit And Government Debt

Marc Faber : The situation in India is a situation where the fiscal deficit is essentially very high and obviously the government debt is increasing. The rating agencies do their ratings. I don’t pay much attention to that. But obviously although they have a time lag, they probably are in the right direction in terms of downgrading India. - in Economic Times
Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Tuesday, May 1, 2012

Private Sector vs Government

Whatever the government does, it does it much worse than the private sector. Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Phoenix Housing Market

Marc Faber : I was in Phoenix the other day. Then, the taxi driver took me to the hotel, nice hotel, in Fairmont. And then he told me, "the person that I just drove before you—I drove him to a five-bedroom house". He told me, "he just bought it for $120,000". Where in the world can you buy a five-bedroom house for $120,000? I would buy it, live in one bedroom and rent out four bedrooms to concubines. - in Bloomberg  


Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Thursday, April 26, 2012

Over the last few months, the market has acted very badly

Marc Faber : 'Over the last few months, the market has acted very badly. There are less new hires, the volume has dried out, insider sales have picked up, and this is the beginning of a downward trend. We may easily have a correction of 10-20% here. Most stocks are already down 10% from their highs. Markets have more than doubled from the lows in 2009. The global economy has actually deteriorated. 'It has optically improved because of huge government spending but in principle we are in a worse position today than we were in 2008 and 2009. There will be more money printing and if your are hyper bearish, maybe you are better off in equities than you are in government bonds and cash. I also advocate to own some gold'.



Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Sunday, April 22, 2012

Gold Shares Are Extremely Oversold

Marc Faber : Gold shares have become extremely oversold and could rebound in the next few days. - in Seeking Alpha Related, Newmont Mining (NEM), Goldcorp (GG), Barrick Gold (ABX), Yamana Gold (AUY), NovaGold Resources Inc. (USA)(NG)


Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Tuesday, April 17, 2012

This Is The Beginning Of A Downward Trend

Marc Faber : Over the last few months, the market has acted very badly. There are less new highs, the volume has dried out, insider sales have picked up, and this is the beginning of a downward trend. We may easily have a correction of 10 to 20 percent here. - in Fox Business



  Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Investors Are Overly Optimistic About The Prospects For The U.S. Economy

Marc Faber : Where investors were overly negative last year, they are now overly optimistic about the prospects for the U.S. economy. - in Yahoo Tech Ticker

 
Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

If China Slows Down, Australia Suffers

Marc Faber : If there is a meaningful slowdown in China, then obviously the Australian economy will suffer very badly. - in abc.net.au


 
Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
MARC FABER BLOG

Popular Posts