I like Bonds from Russia, Kazakhstan, India with yields of 5-6 per cent

On corporate bonds, I like issues from Russia, Kazakhstan and India with yields of 5-6 per cent, but they are not 100 per cent safe unless they are triple-A. Corporate bonds have an equity character. They don't move much when stock markets crash. When things go bad, government bonds on the other hand tend to go up in value because of flight to safe havens.

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