India's actual growth is 5 percent rather than 8

The Indian economy is doing slightly better than others. But if you analyse the indicators growth would not be 8 per cent, what the government is claiming. I think the Indian economy is growing maximum 5 per cent per annum. Look at the current economic environment, exports are not growing strongly, industrial production in the second half of last year was barely up. Hence, I don't think the economy is growing anywhere near 8 per cent. It may be growing at 5 per cent. But when I compare 5 per cent growth with 0 per cent or 1 per cent growth elsewhere in the world, this 5 per cent growth is very 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.

Buy Oil for rebound Trade and Gold bottoming

We had a very sharp drop [in Oil prices] and markets don't go up in a straight line and don't drop in a straight line so I think we can have a rebound here. Some oil stocks are reasonably valued.
Most analysts now predict Oil can drop to $20 a barrel whereas a year ago they were all predicting it will go up to $150 a barrel. So there is a chance that oil is kind of bottoming out here. But I wouldnt bet too heavily on an a major low. But I would bet on a rebound. I think oil stocks and oil servicing stocks could rebound.

Equally Gold shares are the most attractive within the equities market. They've been hammered over the last 3 years and are showing signs of bottoming out.







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

EU and US don't want Greece to leave

The Greek problem has been postponed, it hasn't been solved and the problem is really that it has debts, the country with its economy simply cannot service or pay the debts amount which amount to something like  $250 Billion to $300 Billion and the economy is not strong enough to support that.

Second, in the discussion on Greece what is frequently overlooked for the NATO, EU and the US, an exit of Greece might open up an opening of closer relationship between Greece and Russia or Greece and China, and that the western allies want to prevent at all costs. So I think in the context of Ukraine where the West will have to make concessions that Russia controls Eastern Ukraine including the strategically important cities, at the same time a compromise will be made that Russia stays out of Greece and that more money will be forthcoming from the EU, maybe partly also paid by the US. But strategically speaking NATO, EU and US don't want Greece to leave because it is strategically very important.





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