Marc Faber: Enjoy while your Stocks rise

The euphoria of investors pushing prices up, but soon the mood may change. This analyst Marc Faber warns in an interview with CNBC. He said the rally that lifted the broader index S & P 500 to its highest level since 2007, lost power and may soon be over. "The market is very svrahizkupen. However it is possible to follow only a mild correction in February, after which the growth to continue, "said Faber. His opinion is that this year we can see a movement similar to the movement in 1987. Then from January to August market jumped 41 percent, but in October and November, losing 40 percent. This shows that we will probably have high volatility during the year, says Faber. Generally known for his gloomy predictions Faber rarely speak positively about the market. The specialist said that currently exempts from its long positions. "In this situation sell. Restrict positions because euphoria gaining strength, "he explains. "Corporate profits are likely to disappoint this year. Incidentally, there may be geopolitical problems, "said Faber, adding that recently returned from a trip to the Middle East, which is the" melting pot. " Faber continues to hold a large percentage of its portfolio in shares of gold mining companies. "Buy gold because afraid of a systemic crisis, there will be wars and so on," he said, adding that he is optimistic for markets like Russia, Vietnam and China.

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 Video

Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.

"Regardless of what the markets do near-term, a correction is overdue," Marc Faber tells Bloomberg TV's Betty Liu. From discussing Europe's 'apparent' stabilization - "anything can go up when you print money"; to US equity exuberance - "a correction is overdue and February is a seasonally weak month"; Faber sees no change from Geithner's handover to Lew as he opines: "The only thing I know is one day the markets will punish the interventionists, the Keynesians and the monetary policy that the Federal Reserve and ECB has enforced because the markets will be more powerful one day. How will this look like? Will the bond market collapse or equity markets become a bubble, which would be embarrassing for the Fed's sake if the U.S. market became a gigantic bubble and at the same time the economy does not recover."Faber: on whether he agrees with George Soros that Europe has been stabilized: "It has been stabilized for now, but the big question as he said is the imbalances have not been solved and these could come back and harm the markets and the euro at some point in the future. In terms of stock markets, I have advocated one year ago between April and June of last year to buy European stocks in Portugal, Spain, Italy, Greece and France because they were extremely depressed. Since then, the markets have rallied very sharply. Greece is up from the lows by 100%. That tells you anything can go up when you print money." On whether he's getting out of European markets: "Not really because we made the secular low roughly one year ago, but I have argued that it is the time right now to reduce equity positions. I think the markets are at the difficult juncture between overbought and a euphoric state. I am not ruling out that they could go up somewhat more like in 1987, going up 40% between January and August, but we also fell 40% in two months' time. So the gains were wiped out quickly. In March of 2009 we are close to 1500. We had already a huge bull market, and a lot of the good news has been discounted already." On whether there will be a correction on the S&P: "I think regardless of what the markets do, near-term, a correction is overdue and usually February is a seasonally weak month…It will be interesting to see how the correction unfolds." On why he's not going big on any short in the market: "The problem with shorting the markets nowadays is that you have this huge intervention by governments. Look at bonds of Italy Portugal and Spain--they rallied last year, there was a huge profit opportunity, and I admit that I missed it, but the profit opportunity came about as a result of government intervention. I feel the markets are -- some people say it is intervention. I can call it manipulation. If manipulation continues, you do not know how far they will go. The only thing I know is one day the markets will punish the interventionists, the Keynesians and the monetary that the Federal Reserve and ECB has enforced because the markets will be more powerful one day. How will this look like? Will the bond market collapse or equity markets become a bubble, which would be embarrassing for the Fed's sake if the U.S. market became a gigantic bubble and at the same time the economy does not recover." On Tim Geithner's legacy and whether anything will change under Jack Lew: "I doubt there will be much change. To be fair to Mr. Geithner, he inherited a colossal mess. he is involved in politics and he has to listen to what the politicians want to do. He did an ok job. Where it is not ok is that basically nobody that has committed financial fraud or contributed to the fraud was prosecuted." Source: Zerohedge
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 Fears 1987 Redux As "Markets Will Punish Interventionists"

"Regardless of what the markets do near-term, a correction is overdue," Marc Faber tells Bloomberg TV's Betty Liu. From discussing Europe's 'apparent' stabilization - "anything can go up when you print money"; to US equity exuberance - "a correction is overdue and February is a seasonally weak month"; Faber sees no change from Geithner's handover to Lew as he opines: "The only thing I know is one day the markets will punish the interventionists, the Keynesians and the monetary policy that the Federal Reserve and ECB has enforced because the markets will be more powerful one day. How will this look like? Will the bond market collapse or equity markets become a bubble, which would be embarrassing for the Fed's sake if the U.S. market became a gigantic bubble and at the same time the economy does not recover."

 Faber: on whether he agrees with George Soros that Europe has been stabilized:
"It has been stabilized for now, but the big question as he said is the imbalances have not been solved and these could come back and harm the markets and the euro at some point in the future. In terms of stock markets, I have advocated one year ago between April and June of last year to buy European stocks in Portugal, Spain, Italy, Greece and France because they were extremely depressed. Since then, the markets have rallied very sharply. Greece is up from the lows by 100%. That tells you anything can go up when you print money."

On whether he's getting out of European markets:
"Not really because we made the secular low roughly one year ago, but I have argued that it is the time right now to reduce equity positions. I think the markets are at the difficult juncture between overbought and a euphoric state. I am not ruling out that they could go up somewhat more like in 1987, going up 40% between January and August, but we also fell 40% in two months' time. So the gains were wiped out quickly. In March of 2009 we are close to 1500. We had already a huge bull market, and a lot of the good news has been discounted already." On whether there will be a correction on the S&P: "I think regardless of what the markets do, near-term, a correction is overdue and usually February is a seasonally weak month…It will be interesting to see how the correction unfolds."

On why he's not going big on any short in the market:
"The problem with shorting the markets nowadays is that you have this huge intervention by governments. Look at bonds of Italy Portugal and Spain--they rallied last year, there was a huge profit opportunity, and I admit that I missed it, but the profit opportunity came about as a result of government intervention. I feel the markets are -- some people say it is intervention. I can call it manipulation. If manipulation continues, you do not know how far they will go. The only thing I know is one day the markets will punish the interventionists, the Keynesians and the monetary that the Federal Reserve and ECB has enforced because the markets will be more powerful one day. How will this look like? Will the bond market collapse or equity markets become a bubble, which would be embarrassing for the Fed's sake if the U.S. market became a gigantic bubble and at the same time the economy does not recover."

On Tim Geithner's legacy and whether anything will change under Jack Lew:
"I doubt there will be much change. To be fair to Mr. Geithner, he inherited a colossal mess. he is involved in politics and he has to listen to what the politicians want to do. He did an ok job. Where it is not ok is that basically nobody that has committed financial fraud or contributed to the fraud was prosecuted."

Source: Zerohedge
  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 in property, real estate, bonds

The market will probably not make new highs in US and some emerging markets in Asia. I don’t see the markets as especially attractive. Will they fall strongly? I don’t know but I wouldn’t disregard the possibility of them falling 20%. It’s not a lot 20%. We could also see a deflation in property or in bonds as the yields are so low and the prices therefore so high. Related Stocks: SPY, S&P500, FXI, PIN, DJIA

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 To Shiller: “You Keep Your U.S. Dollars And I’ll Keep My Gold”

“Everyone should keep gold in their portfolios” as the precious metal will be able to offer value to investors even in a worst-case scenario, said Marc Faber, the publisher of the Gloom, Boom & Doom report. “In the worst case scenario, in the systemic failure that I expect, it would still have some value,” Faber, who is also the founder and managing director of Marc Faber Ltd., said today at an event hosted by Evli Bank Oyj in Helsinki. Faber said his outlook was so bleak that he is “hyper bearish”. He joked that “sometimes I’m so concerned about the world I want to jump out of the window.” He wisely said that `I advise everyone to have some gold.' Faber said that he thought there could be a flight out of cash and overvalued bonds and into equities and gold. In response to a question from Yale University’s Robert Shiller querying the recommendation to hold gold, Faber said: “I’m prepared to make a bet, you keep your U.S. dollars and I’ll keep my gold, we’ll see which one goes to zero first.” Faber, whose advice has protected millions of investors in recent years, warned of a global systemic crisis possibly due to massive size of the global derivatives market which is now worth over an incredible $700 trillion. He warned “when the system goes down,” and only plastic credit cards are left, “maybe then people will realize and go back to some gold-based 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.

Marc Faber couldn’t attend the Barron’s Roundtable 2013

Marc Faber, editor of the Gloom, Boom & Doom Report, couldn't make it to this year's Roundtable, but they are keeping his seat warm for 2014. They have a good hunch there will be even more to talk about then. Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Best Marc faber Quotes for 2013

FABER: `I'M HYPER BEARISH, SOMETIMES WANT TO JUMP OUT WINDOW'
FABER: `PLACE FOR KEYNESIANS IS NORTH KOREA'
FABER: GOLD WOULD STILL HAVE VALUE IN WORST-CASE SCENARIO
FABER: `I ADVISE EVERYONE TO HAVE SOME GOLD'
FABER: VERY CONCERNED ABOUT LARGE SIZE OF DERIVATIVES MARKETS
FABER: SOME VALUE IN EASTERN EUROPE, BULGARIA, UKRAINE
FABER: PRINTING MONEY WON'T HAVE EQUAL EFFECT ON ALL PRICES
FABER: MAY SEE FLIGHT TO EQUITIES AWAY FROM CASH AND BONDS
Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Buy stocks in Vietnam, China, Japan

Money will shift from some of the relatively high-valued markets into markets that had a horrible performance, he said. So as an investor, if you need to own stocks, then I'd be in Vietnam, in China and in Japan.

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

Caution on China and chinese stocks

Marc Faber was recently heard saying that he thinks last year was a great year for the stock markets but this year could be tough to be bullish. Also he urged investors to be cautious on Chinese equities.

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 are a long term buy

We may have seen a generational low in European markets last year 2012. The long term investor will probably earn quite well out of European equities and especially from individual stocks. There are many companies in Europe that at the moment are paying quite high dividends.

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

Japan and Chinese stocks are good buys

We could see gains in equities in Japan and China as they under-performed last few years. However there is potential for social unrest in countries such as Egypt and Ethiopia. Marc Faber is a famous contrarian investor and the publisher of the Gloom Boom & Doom Report newsletter.

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 at 2013 Skagen Conference

At the recent 2013 Skagen conference in London Marc Faber reiterated his views that this year is likely to be a more difficult environment than 2012. Faber urged caution over China's growth outlook. On his overall investment outlook he says ‘I’d be reluctant to be heavily short anything right now. For an investor, cash is not desirable but I would say that for the next 3 months it may make sense,’ Marc Faber is a famous contrarian investor and the publisher of the Gloom Boom & Doom Report newsletter.

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 is a safe investment for worst case scenario

At an event hosted by Evli Bank - Helsinki, Marc Faber spoke favorably about gold. In the worst case scenario, in the systemic failure that I expect, Gold would still have some value. When “the system goes down and only plastic credit cards are left, maybe then people will realize and go back to some gold-based system or such. He added that he was so hyper bearish of your outlook and added, "Sometimes I’m so concerned about the world I want to jump out of the window.” Marc Faber is a famous contrarian investor and the publisher of the Gloom Boom & Doom Report newsletter.

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

Hold european equities

Recently Dr. Marc Faber revealed that he still thinks European stocks can go higher. 'I still hold European equities and I believe that they were at the lowest level in this generation last summer. I should have also perhaps bought Greek equity.'
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: Governments will “F— You All, that’s for Sure.”

By Dominique de Kevelioc de Bailleul The never-ending quotable publisher of the Gloom Boom Doom Report Marc Faber moves the setting of his recent spate of 'Faber Shockers' to London, where he warned his audience there that governments' response to the debt crisis of the West will be to “f—You All, that's for sure.” The 65-year-old Swiss money manager, Thailand resident, collector of Mao memorabilia, and investor of farmland, including land particularly suitable for an unmentionable crop that, he once said, “makes you very happy,” told Americans on a CNBC video hookup to his location in Montreal for the Oct. 12 interview, “Listen you lazy bugger, you need to tighten your belts, you need to save more, you need to work more for lower salaries.” Faber, then, suggested American's need a strong leader like former Singaporean President Lee Kwan Yew—the man who institute public canning for a variety of crimes, as well as a ban on chewing gum because it ended up sticking onto the sidewalks. As an example of how fun and entertaining commentary of financial markets can truly be, Faber is a refreshing counter weight to the not-funny Paul Krugman and his legion of Quixotic lemmings. According to a Wall Street reporter covering the World Commodities Week conference in London, Faber said that Fed policy of negative real interest rates has encouraged consumerism in the U.S. as well as stacked credit surpluses with the U.S.'s major trading partner, China. No kidding. But there's more—that critical conclusion, that was left out in the 'analysis' of Faber's thinking on the matter. “U.S. monetary policy focuses too much on boosting consumption,” The Journal wrote. “This is a short-term fix, but benefits often accrue elsewhere, namely in China, which provides the goods to feed American consumerism. The negative real interest rates and boost to Chinese incomes and investment also push up commodities prices, which then counteracts the stimulative effect for U.S. consumers by acting as a tax on income.” What's the implication here? It's China's fault for rising commodities prices? For those familiar with Marc Faber and his umpteenth explanation for the bulk of the cause of rising commodities prices has much less to do with China's consumption and has much more to do with U.S. policy (going as far back to NAFTA and GATT) of moving onto the next step of maintaining Dollar Hegemony through the policy adoption of imported goods from lower cost structure countries, especially Asian countries, to hide profligate monetary policy of the Fed. The flow of capital to the U.S., while the dollar was perceived as sound, now flows out as the props to the dollar collapse. This game is nothing new, and the Chinese know it. A case in point: As former Head of Princeton Economics Ltd. Martin Armstrong recently stated in a FinancialSense Newshour interview last week, the cause of the 1987 stock market crash was precipitated by the Plaza Accord—a G-5 meeting to coordinate a devaluation of the U.S. dollar against the Japanese yen and German mark, the currencies of the two major exporters to the U.S. at that time. The idea was that lowering the value of the U.S. dollar relative to the yen and mark would create more manufacturing jobs in the U.S. Instead, investors of U.S. dollar-denominated securities fled like a mob from a burning building, creating stresses on an already overstretched S&P to collapse. Armstrong explains today's flight from the dollar this way: Say “you had bought a lot of assets in Mexico, and Mexico stands up and says, 'by the way, we're going to devalue the Mexican peso by 50 percent next week.' Don't you think you'd shout and get out of there?” Back to the Journal article: “Mr. Faber calculates the world’s bill for oil went from $250 billion in 1998 to $2 trillion in 2006 before doubling again by 2008 as the Fed started cutting rates towards zero,” the Journal added, implying, again, that China's oil consumption (admittedly grown rapidly) is responsible for a nearly 10-fold increase in the price of oil since 1999. The flight from the world's premiere currency has taken refuge in gold, silver, commodities producing currencies, targeted equities markets and commodities—with the mother of all commodities, oil, the deepest and most liquid of all commodities markets as the preferred market for deep pockets heading the list of flight destinations. While the U.S. dollar began its fall from the USDX 120 level, following the stock market bubble pop of 2000, the proxy of a gold standard, you guessed it, oil, has negatively correlated the USDX ever since. Now that the Dollar Hegemony game is over, Faber knows it's time for the creator and enabler of the mess to “F—you all,” isn't it? That little detail was left out of the Journal article. 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.

Marc Faber believes the Fed will keep rates near zero even longer than 2013

Marc Faber believes the Fed will keep rates near zero even longer than 2013. In his November commentary, he points to the opinion of Chicago Federal Reserve Bank President Charles Evans, who wants the Fed to "commit itself to keep short-term rates at zero until the unemployment rate falls below 7 percent or the outlook for inflation over the medium term goes above 3 percent." If Evans has his way, Dr. Faber extrapolates that rates could "stay at zero for five or even 10 years (and negative in real terms)." Based on Dr. Doom's prediction, one could infer that gold could continue its bull run for several years to come.

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 the next 5 years

I don’t know how the world will look in a five years’ time; we may have another recession or depression. We may have to deal with high inflation. The bond market and the equity market may break. We don’t know how the world will look like in the next five years because we are not dealing any longer with free markets but with markets that are distorted by continuous intervention by the government. So, making any prediction is very difficult. My advice would be to diversify 25 per cent of your assists in real estate, 25 per cent in equities and 25 per cent in cash and bonds and 25 per cent in precious metals. - in NDTV

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

Who is Marc Faber ?

Dr. Marc Faber, born February 28, 1946, is an investment analyst and entrepreneur. Faber was born in Zürich and graduated in Geneva, Switzerland, where he raced for the Swiss National Ski Team. He studied Economics at the University of Zurich and, at the age of 24, obtained a Ph.D. degree in Economics.. Faber has a reputation for being a "Contrarian" investor and has been called "Doctor Doom" for a number of years. Faber is a regular speaker on the investment circuit and best known for the Gloom Boom & Doom Report newsletter. He has also written several books.

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 S&P 500 could fall to 1180 Points

 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.

Marc Faber: Still holds gold as an insurance policy

Similarly to Kyle Bass who holds gold as an insurance policy against political stupidity, Marc Faber is also very concerned and holds gold. He recommends investors to accumulate gold every month and to hold significant percentage of their portfolios in the yellow metal. Even though he is not worried about USD collapse in the short term, he continues to like gold long-term. He still believes that governments will do competitive devalutions pushing the price of gold higher and higher and that's why he wants insurance. Gold prices probably won't increase soon and there may be a correction of "10 percent or so on the downside," said Faber, managing editor and publisher of the Gloom, Boom and Doom Report. Marc points out that he feels "deeply uncomfortable" about the future of the global economy, the geopolitical situation and social unrest in different countries. "I don't particularly like any assets at this stage. I mean have I a diversified portfolio, I'm not liquidating anything, but I have a lot of cash." In his January Market Commentary of the Gloom Doom and Boom report, Marc Faber predicted that gold would fall to $1,550 to $1,600 an ounce, according to CNBC. Still, he wrote that he planned to increase his gold position on any further weakness, despite his concerns that strength of the U.S. dollar could be a headwind for a strong gold rally. - via Marc Faber 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.

Gold could still weaken a bit

On the current Gold weakness, "I don't think gold will go up right away, and we maybe have a correction of 10 percent or so on the downside," "But I see that governments will print money … so I want to have gold as an insurance policy." Based on his recent market commentary newsletter, Faber puts a price range on his gold call: "... perhaps down to between $1550 and $1600 … I intend to increase my gold position on any further weakness although I am concerned that U.S. dollar strength could be a headwind for a strong gold rally."

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 look slightly bearish right now

In his latest commentary Marc Faber suggests that the market looks slightly bearish but thinks that the markets could still rally easily because of high cash levels. "I am mindful that corporations and wealthy individuals are cash rich and since there are very few promising investment opportunities aside from equities, they might one day shift their considerable liquid assets into stocks." Marc Faber is a famous contrarian investor and the publisher of the Gloom Boom & Doom Report newsletter.

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 : you cannot predict the markets

Marc Faber : "The markets that have performed extremely well since the lows of 2009 are not going to do particularly well in 2013," "I am very cautious on 2013. I don't particularly like any assets right now.""But we have so much government intervention," "you cannot predict the markets...I just see that governments will print money, and there will be competitive devaluations. "So I want to have gold as an insurance policy.""I intend to increase my gold position on any further weakness, although I am concerned that US Dollar strength could be a headwind for a strong gold rally."

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 100% confidence for a global recession in 2013

In about two minutes interview for CNBC, legendary Marc Faber revealed his scary forecast for a global recession in 2013 for which he is 100% sure. He believes that the main risk is not Europe and Greece but China and India where they things look ugly and these most important economies are slowing down big. Still it seems the public is ignoring this problem. Marc still believes that the next risk off event will be the exit of Greece from the EMU. Still he believes that the Germany will finally give up and allow Eurobonds to save the EZ project. According to him the longer the delay for euro-bonds, exits, defaults and restrucrings, the higher the chance for a huge system failure an gigantic market crash, bank runs. The investor believes that the markets will not go down 50% once Greece exit but just the opposite, there will be a relief rally as there will be clarity. Still banks and insurance stocks will crash. Around the 5-th minute, Marc Faber talks that while stock indices are not performing terribly, there are many economically sensitive (and luxury) stocks that are down very significantly - which helps him see that the huge asset price run of the last decades is coming to an end prompting the question of the day from CNBC's Cramer-stand-in "You're not looking for a recession in the US are you?" Faber, in his calm, thoughtful way responds, "I think we will have a global recession late this year, early next year", to which surprised Wapner asked about the odds (surely 20%, 40%?) of this recession – and Marc said : "100% certainty" and of course the only 'investment' in this case is the USD cash and of course investors must 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.

Marc Faber: If I were Bernanke, I would resign

Central bankers are "coiner" and Federal Reserve Chairman Ben Bernanke, the U.S. should resign for having ruined the U.S. economy, said Marc Faber, publisher of the Gloom, Doom and Boom Report, said on CNBC. In his words, Bernanke is one of the main supporters of the ultra-expansionary monetary policy, which is the cause of the recent financial crisis. "If I screw up so bad as Bernanke, surely I would resign. The mandate of the Fed to support asset prices and thus creates wealth is coming - it does not work like that. This is a temporary increase, which is always followed by collapse, "says Faber. "The only thing this achieves quantitative easing (QE), along with the continued operation Twist, is to redirect capital flows to the so-called Mayfair economy by raising asset prices," said Faber, whose popular name, as investors predict market collapse from 1987. Mayfair economy describes a system that favors the wealthiest circles of society. Faber said that this round of quantitative easing will not help ordinary people. "QE only helps the rich, whose assets rose. It does nothing for the people on the street to deal with the rising cost of living. This small part of the economy is booming while the rest becomes a victim of QE ", he said. "Printers money are to blame for this crisis. If we continue with this expansionary monetary policy will find ourselves facing a "fiscal gap" and to "Grand Canyon fiscal," he added. "If we in the western world economic crisis, it is because governments print up to 50% and more of money in the economy. It is a cancer that takes people's freedom, "he 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.

Marc Faber's Top 5 Suggestions For Investors - Barron's

Hong Kong-based investment manager Marc Faber, a member of Barron‘s Roundtable, just last weekend warned in the magazine that stocks would drift lower.
Gold is likely to correct, he added, something that’s looking more possible each passing day even though the popular SPDR Gold ETF (GLD) moved higher this week.
He’s also bullish on silver, which saw the iShares Silver ETF (SLV) stage  a technical breakout on Friday.
Faber reiterated his recommendation to short Salesforce.com (CRM) as well.
The publisher of “The Gloom Boom & Doom Report” took time this week to talk to Jonathan Burton, MarketWatch’s money and investments editor. (See video above.)
Faber didn’t offer much that we haven’t heard before, but some of his top suggestions were put into a Top 5 list of things investors should focus on:
1.) Avoid Treasuries. “The dollar may rally somewhat, but clearly in the long run the dollar and other paper currencies — the euro is not much better — will have a depreciating tendency vis-a-vis honest money: gold and silver.”
2.) Cash is trash. “Paper money has lost its value. Hyperinflation is the pattern to come.”
3.) Stocks offer some safety. “My assumption is that March 2009 was a major low, and that we will not go back below that low.”
4.) Emerging markets will expand. “I can buy you a portfolio of high-dividend stocks in Asia that would have a yield of 5% to 7% … The banks in Asia are in a very solid position. All these are a play on the recovery in the stock market in Japan.”
5.) Gold is worth its weight. “Intelligent people, instead of holding cash in U.S. dollars with zero interest rates, why not hold money in gold and silver?”

 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 : Hold a diversified portfolio of assets

If we hold a diversified portfolio of different assets - say properties, equities, bonds, precious metals, and cash - we can reduce the overall volatility of the portfolio somewhat.

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