Huge growth in Asian Tourism

Tourism in Asia will grow, unless there is a war. I have seen Macau go from a sleepy village to a gambling center seven times the size of Las Vegas. This year, 30 million Chinese will travel to Macau. It also appeals to Thais, Indonesians, and others in the region. Chinese tourism in Thailand grew by 90% last year.

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

Central banks in emerging markets made a mistake

Basically central bankers are Keynesian, they believe in intervention but what they never do is cool down the system. What the central banks in emerging economies missed is that they should have slowed down their economies and credit growth two years ago and taken some pain.

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