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Thursday, May 29, 2014

I think the stock market will really tumble


My view is that if the bears on bonds are right and say the 10 year treasury note indeed goes to 4 percent, I think the stock market will really tumble.


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 28, 2014

Bull Market in Stocks is Running Out of Steam


Marc Faber, investment guru and the editor of the Gloom, Boom and Doom report, warned on Thursday that stock markets -- particularly in the United States -- were vulnerable to sharp falls.

U.S. stocks jumped on Wednesday after minutes from the Federal Reserve's last meeting had central bankers discussing ways to normalize interest rates. The Dow Jones Industrial Average leaped as much as 170 points, and ended up 158.75 points, or 1 percent.

A bull run in equities that started around five years ago has caused much debate in recent months with some investors believing that it may be running out of steam. However, some remain optimistic that extra liquidity—provided by central banks around the world—would continue to help bolster the asset class.

St"I don't regard this as a very healthy market, " Faber told CNBC from Singapore. "The U.S. market is in a very dicey position where it could easily drop 10, 20 percent." He pointed out that many stocks are already down 10 to 20 percent, such as momentum stocks which include high-flying technology and biotech shares.

- 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, May 26, 2014

Momentum stocks have fallen down 30 to 50 percent from their highs

 Marc Faber talks to Trish Reagan of 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.

Friday, May 23, 2014

India should have smaller Government not bigger Government



It's a big issue globally because we live in a world where everybody knows bureaucracy is bad for business and small businessman suffers under the bureaucracy, whereas the large corporations hire lawyers, auditors, and lobbies where they influence government's decisions and regulations.
The media has brainwashed the electorate to expect the government to do something. The best economic policy of any government is to do nothing, but reduce the size of the government, reduce the size of the laws, and reduce the size of regulations. Though in today's social thinking it's difficult to implement.



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, May 22, 2014

Vietnam and Iraq to grow



The most attractive stock markets macro economically and technically in terms of valuation is probably Vietnam and Iraq, which as an economy is not problem-free but it will grow; the valuations are extremely low. So, these two markets will perform reasonably well.



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 21, 2014

Africa and middle east growth


African economies and middle-eastern economies will grow quite rapidly, may be at Five per cent to Six per cent per annum. They are coming from a very low base.


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

1987 Style crash likely within 12 months



  I think it's very likely that we're seeing, in the next 12 months, an 87-type of crash... And I suspect it will be even worse.


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, May 16, 2014

China troubles will be felt worldwide

The Geo-political situation of the world has worsened, and when there are tensions that could lead to repricing of risky assets. Now, China has become the most important economy in the global context in terms of growth, and if there is crisis then it will be felt globally.

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, May 15, 2014

Marc Faber on India economic growth predictions

A while ago, I thought India was still growing at 8 per cent-9 per cent according to published statistics.
I think the statistics were overstating growth because they were understating the increase in cost of living and understating inflation.
Now, going forward, I think if India can grow at 4 per cent-5 per cent per annum, that will be quite good.




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 14, 2014

China troubles to impact commodity producing countries more



On India, the impact of slowdown in China will not be that significant because India is not a huge supplier of commodities to the world.
When China began to grow very rapidly after the late 1990's, it obviously drove demand for commodities higher along with the prices. So the commodity prices have seen huge increases between 1999 and July 2008, and now that the Chinese economy is slowing down, the increase in the rate of growth of purchases has slowed down considerably, and in some cases, the growth is negative.
So, my view is it will have very meaningful impact on resource producers such as Brazil, Argentina, Africa, Central Asia, Middle East, and Russia. And, I don't think that emerging economies will actually accelerate upside this year, I think they will slow down further.



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, May 12, 2014

University degree can be useful

My father’s view was that I would have to work all my life and that to spend a few years at University - provided I qualified - would “inflame” my intellect and provide me with the opportunity to decide in what field I would spend the rest of my life.

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 troubles will be felt worldwide



The Geo-political situation of the world has worsened, and when there are tensions that could lead to repricing of risky assets. Now, China has become the most important economy in the global context in terms of growth, and if there is crisis then it will be felt globally.



 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, May 9, 2014

Marc Faber investing in Vietnamese Shares & Thailand Real Estate

Over the last 12 months I increased my positions in Vietnamese shares significantly. And I also increased some real estate holdings in Vietnam.
I think we have kind of a bubble in real estate in Thailand. But I can see that real estate markets are very fragmented, and I’ve seen that in the U.S. as well. So, yes, prices of real estate in Chiang Mai (Thailand) have gone up substantially, but I see zillions of Chinese now coming to (live in) Chiang Mai.
Now, Chiang Mai for these Chinese people, or for Japanese, or Koreans, is like a paradise. It’s inexpensive. They can play golf for good value. The food is good, the climate is good, and so forth. So a lot of people will move to Chiang Mai from Western Europe and the U.S. because if you get a pension of $3,000 or $4,000, in Europe you can hardly live, but in Thailand you can live very well.
So there will be a large influx of foreigners into an area like Thailand. We have already owned properties here for more than 30 year, but in the last 12 months I increased our holdings on the outskirts of high end areas of raw land.






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 6, 2014

Russia and Crimea affects Asia


Crimea moving to Russia gives essentially a signal to China that one day they can also move and seize some territory that they perceive belongs to them.

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, May 5, 2014

Russian stocks have become very cheap


I made some investments more than a year ago in Iraq, because it's very cheap. There's lots of problems but the market is very very inexpensive. Russia is dirt cheap, but I don't think there is a hurry to buy Russian stocks.


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, May 2, 2014

Marc Faber worries about future of global labor market



My friend Walter Molano argues that, “A rash of new forces is causing serious dislocations to the global labor market, which have dire implications for future political and social stability.” Molano points out, there will be a growing part of the population who will become marginalized because of their lack of specialized skills.

I am not suggesting that the lack of specialized skills is the only reason for the decline in the US Labor Share of National Income because lower wages and less regulation overseas, massive layoffs in order to boost corporate profits, easy monetary policies, etc. also played their part.

Fortunately, as Molano opines, there will “always be the technicians and engineers needed to design the machines” as well as the professionals such as doctors, dentists, lawyers, architects, workers, etc. with distinctive abilities who will be able to capitalize on the transformation process.

However, the question is how to acquire these “special skills” in order to compete successfully in an environment of serious global labor market dislocations. So far, the response of people has been “university education.”

But in my opinion, not every higher education will prepare young people sufficiently in order to compete successfully in the current challenging labor market environment.

My father’s view was that I would have to work all my life and that to spend a few years at University - provided I qualified - would “inflame” my intellect and provide me with the opportunity to decide in what field I would spend the rest of my life.


via - www.gloomboomdoom.com



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