Marc Faber: There will be No tapering of bond buying

The US economy is still weak, otherwise McDonalds and Walmart would have reported much favourable results. Given the weakness in the economy and employment, and given the frame of mind of Fed members, most of them are extremely dovish. I think there will be no tapering of bond-buying program. And I won't be surprised if in a year's time the Fed increases asset purchases.

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

Indian Stocks Coming into Buying range

In my view, there has been a huge correction in Indonesia and Thailand from the recent highs. The market is down by around 30-35% from the April-May high, but following a rebound, we will see further weakness. Indian stocks, because of the currency weakness, have already experienced a very substantial bear market. It may last a little longer, but we surely are coming into a buying range.

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