Sunday, June 29, 2014
Why I Would Be the Greatest Hawk in World
Friday, June 27, 2014
Mario Draghi Easing More Important For Europe Than Emerging Economies
Wednesday, June 25, 2014
Fed's Policies a Catastrophe
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Inflation is Here to Stay
"In case things turn out bad again, the central bankers have one thing left: money. When they start throwing out money, it will lead to price increases. Nobody can deny that anywhere in the world energy prices are substantially higher than they were ten years ago. Nobody can deny that food prices are up. Nobody in the US can deny that insurance premiums are up. So, to throw money at the system, at some point will lead to some more visible (!) pressure on consumer prices. Stocks has basically done nothing since the beginning of the year. But long term bonds are up 12% this year. Now, during the next downturn, I believe stocks and bonds will go down at the same time."
- Marc Faber
Thursday, June 12, 2014
Stating There is No Inflation is an Error
"Inflation is an increase in the quantity of money and credit. The symptoms occur in a variety of forms. You can print money in the US, but it could happen that it does not boost economic activity in the US but only in China or in Vietnam or Indian and so forth. It can boost wages in India, it can boost real estate prices in London, and so forth, because we have a global economy. Stating there is no inflation is an error."
- Marc Faber
Tuesday, June 10, 2014
No Asset Class is Terribly Attractive Right Now
"I don’t see any asset that is terribly attractive. The most underappreciated asset is cash. Nobody likes cash. In the next 10 years, you will earn precisely 0 percent. In fact, you will lose money because Ms. Yellen is a money printer like all the others, and she will make sure that the dollar will depreciate in real terms. But for the next 6 months, cash will be most attractive. I don’t want to be in cash, but in the coming 6 months a lot of opportunities will come along."
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- Marc Faber
Sunday, June 8, 2014
Stocks Could Easily Drop 10, 20 Percent
Marc Faber, publisher of the Gloom, Boom & Doom report, remains bearish on U.S. stocks, seeing valuations as stretched.
"I don't regard this as a very healthy market," he told CNBC. "The U.S. market is in a very dicey position where it could easily drop 10, 20 percent."
The Standard & Poor's 500 index rose 4.46 points, or 0.2 percent, to close Thursday at 1,892.49, within 1 percent of its record high. The index is up 2.4 percent for the year. The index' trailing price-earnings ratio registered 18 as of Friday, according to Birinyi Associates. That's above its historical average.
Faber isn't too enthusiastic when it comes to Treasurys either, saying there is "nothing attractive" about them.
The 10-year Treasury yield stood at 2.55 percent early Friday, after hitting a 6 ½-month low of 2.47 percent last week.
While acknowledging that U.S. stocks are "relatively expensive," he noted that Europe and emerging markets offered better value.
"If I were to buy equities I would rather go into emerging economies, but I don't think there is a hurry."
"I think we are bracing for a general asset deflation," Faber stated. "I think the system is still very vulnerable. I'm not predicting a complete collapse, because money printing can go on almost endlessly. But it will have unintended consequences."
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"I don't regard this as a very healthy market," he told CNBC. "The U.S. market is in a very dicey position where it could easily drop 10, 20 percent."
The Standard & Poor's 500 index rose 4.46 points, or 0.2 percent, to close Thursday at 1,892.49, within 1 percent of its record high. The index is up 2.4 percent for the year. The index' trailing price-earnings ratio registered 18 as of Friday, according to Birinyi Associates. That's above its historical average.
Faber isn't too enthusiastic when it comes to Treasurys either, saying there is "nothing attractive" about them.
The 10-year Treasury yield stood at 2.55 percent early Friday, after hitting a 6 ½-month low of 2.47 percent last week.
While acknowledging that U.S. stocks are "relatively expensive," he noted that Europe and emerging markets offered better value.
"If I were to buy equities I would rather go into emerging economies, but I don't think there is a hurry."
"I think we are bracing for a general asset deflation," Faber stated. "I think the system is still very vulnerable. I'm not predicting a complete collapse, because money printing can go on almost endlessly. But it will have unintended consequences."
- Source, Money News
Friday, June 6, 2014
An Exclusive In Depth Interview With Dr. Marc Faber
Dr. Marc Faber is a Swiss investor. Faber is publisher of the Gloom Boom & Doom Report newsletter and is the director of Marc Faber Ltd which acts as an investment advisor and fund manager. Faber also serves as director, advisor and shareholder of a number of investment funds that focus on emerging and frontier markets, including Leopard Capital's Leopard Cambodia Fund and Asia Frontier Capital Ltd.'s AFC Asia Frontier Fund.
Faber has a reputation for being a contrarian investor and has been called "Doctor Doom" for a number of years. He was the subject of a book written by Nury Vittachi in 1998 entitled Doctor Doom - Riding the Millennial Storm - Marc Faber's Path to Profit in the Financial Crisis. Faber has become a frequent speaker in various forums and makes numerous appearances on television around the world including various CNBC and Bloomberg outlets, as well as on internet venues like Jim Puplava's internet radio show. Faber has also engaged the Barron's Roundtable and the Manhattan Mises Circle.
Wednesday, June 4, 2014
The Market is Long Overdue for a Significant Correction
We also talked about the China economy and where it is headed in the near future, the U.S. stock market, the Federal Reserve and much more!
