, Marc Faber Blog: May 2014

Saturday, May 31, 2014

US Stock Market Will Fall Soon


Marc Faber, publisher of The Gloom, Boom & Doom report argues that a fall in the U.S. equity market could happen soon and says investors should brace for a "general asset deflation."

- Source, CNBC


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Thursday, May 29, 2014

Marc Faber - I Will Never Sell My Gold


Marc Faber, managing director and founder of Marc Faber Ltd., and Ian Bremmer, president of Eurasia Group, discuss the state of the Chinese economy and the outlook for the U.S. stock market with Trish Regan on Bloomberg Television's "Street Smart."

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Tuesday, May 27, 2014

Gigantic Credit Bubble in China


Marc Faber, managing director and founder of Marc Faber Ltd., comments on the state of the Chinese economy. He speaks with Trish Regan on Bloomberg Television's "Street Smart."


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Sunday, May 25, 2014

Marc Faber - This is Not a Very Healthy Market


Marc Faber, publisher of The Gloom, Boom & Doom report argues that a fall in the U.S. equity market could happen soon and says investors should brace for a "general asset deflation."

- Source, CNBC


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Friday, May 23, 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.


- Source, CNBC


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Saturday, May 10, 2014

The Federal Reserve Is A Clueless Organization


Marc Faber says the stock market is setting up for a decline more painful than the sudden crash of 1987.

"I think it's very likely that we're seeing, in the next 12 months, an '87-type of crash," Faber said with a devious chuckle on Thursday's episode of "Futures Now." "And I suspect it will be even worse."

Faber, the editor and publisher of the Gloom, Boom & Doom Report, has recently called for growth stocks to decline. And he says the pain in the Internet and biotech sectors is just getting started.

"I think there are some groups of stocks that are highly vulnerable because they're in cuckoo land in terms of valuations," Faber said. "They have no earnings. They're valued at price-to-sales. And this is not a good metric in the long run."

To be sure, there are prominent investors that disagree with Faber, among them legendary stockpicker Bill Miller, who said this week that conditions for a bad market simply don't exist.

But it's not just momentum stocks that Faber is wary of. He says that investors are coming to a stark realization.

"I believe that the market is slowly waking up to the fact that the Federal Reserve is a clueless organization," Faber said. "They have no idea what they're doing. And so the confidence level of investors is diminishing, in my view."

- Source, CNBC

Thursday, May 8, 2014

The Shocking Moves Marc Faber Is Making With His Money

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.


- Source, Marc Faber, via a recent King World News interview:


Tuesday, May 6, 2014

The IMF is a Crooked Organization

The head of the IMF, which is a crooked organization anyway, she (Christine Lagarde) advocates a wealth tax on the rich -- a one time wealth tax of say 20% of their assets. I don’t know how they would implement that because a lot of people own their wealth through corporations.

She (Lagarde, proposes this), working for the IMF which doesn’t pay any tax at all. But this is government, you understand? Like Obamacare is good for ‘everybody,’ but not for members of Congress. This is like in (the book) Animal Farm, some pigs are more equal than others.

...We try, like you, we try to bring a different picture than what the media people do -- media people who are of course part of the part of the plan of the elite that populate the financial service industry. So they are all in favor, basically, of money printing.

Because as long as markets are strong, the viewership of TV stations that broadcast business news is not entirely collapsing. It has already gone down partly because of the competition from people like you because people prefer to listen to some truth than to continue with lies.


- Source, Marc Faber via King World News, Read More Here:


Sunday, May 4, 2014

The Fed Abused the System by Printing and Printing

The monetary policies as they are implemented by central banks around the world, are actually preventing the markets to clear and the economy to truly improve. ...And there is wealth inequality to the extent that not the 1 percent but the 0.1 percent become immensely well-to-do because money printing helps the financial asset players and the real estate owners, and the majority becomes poorer.

The Fed has these statistics. They compile them themselves. In the U.S., since 2007 the majority of Americans in terms of wealth are poorer today by 40% than in 2007. But the 0.1% are far wealthier. That is the problem. When the wealth inequality increases at the expense of the majority, then you get Hollande in France who says, ‘If things go bad for you, if you are suffering, it’s all the fault of these rich people that abuse the system.’

The rich did not abuse the system. They behaved in a capitalistic way. The Fed abused the system by printing and printing and printing, and that created this situation where the cost of living of the lower income recipients is going up strongly because of energy costs, transportation costs, healthcare costs and food costs.

But the rich do not suffer because for them food is a tiny portion of their expenditures. It’s nothing compared to the expenditure of the private jet, so they don’t care about that. But if you have a household income of $40,000, and you spend say 30% to 40% on food and energy and transportation every year, it matters whether these prices are going up or not. So for the majority of people life has become harder, whereas for the .01 percent life has become a paradise. But that will change one day in my view.

- Marc Faber via King World News, read more here:


Friday, May 2, 2014

Emerging Markets are being Stifled by Inflation

I travel a lot, but I would say that I don’t see a meaningful economic improvement anywhere. In fact, when I travel throughout Asia I see economies that are no longer growing. ...If central banks argue that we need an inflation rate of 2%, then I could argue that maybe it would be better to have deflation of 2% - 3% per annum every year because if prices went down for food, energy, healthcare and so forth, then the typical household would be better off because it would have more money to spend.

And taxes have been going up for most people. They may not see it, but each time they use a public service, whether it’s a train from (point) A to (point) B, or a toll road, or a tunnel fee, they pay much more than before.

I think the central banks are supported by the media, and I have to say that at least you (at KWN) present an objective picture of what is happening in the world, whereas the talking heads of mass media, they always kind of support what central bankers are doing -- when in fact, because of the money printing the typical household is being hurt....

- Source, Marc Faber via King World News, read more here: