Faber, he peaked in February of shares in the United States, noting that compared to the US are currently growing markets in extremely low levels, "I think emerging markets with lower levels, including Turkey (future period) could rise again quickly. Mart in Market beginning in sales was made more than necessary. for investors in emerging markets will have the opportunity to win over 2-3 months. in Turkey included. " he spoke.
- "The financial and monetary policies implemented by the USA are extremely dangerous"
Stating that the US dollar is strong against the currencies of the markets that have been developing for a long time, but this situation may change, Faber said:
"By this time, the US dollar gained strength, gained 20 percent against the Brazilian real and the Mexican pesos. Last year, the Turkish lira also lost about 20 percent against the US dollar. We see that it continues this year as well. The Russian ruble also lost 20 percent against the dollar. "The dollar was very strong. But when I look at the US's financial deficit and money-making, I do not believe that the dollar can continue to be a strong currency. I think the financial and monetary policies implemented by the US in the long run are extremely dangerous and negative for the dollar."
- Winners and losers of the crisis
While evaluating the negative effects of the coronavirus epidemic on economies, Marc Faber said, "The programs implemented by governments as they move towards the crisis will have a serious economic impact. Western economies are already having a serious pre-coronavirus challenge. The Fed started to intervene in the repo market in September of last year. Along with the coronavirus large monetary and financial measures have been implemented. Many businesses will not reopen, go bankrupt, and many people will remain unemployed. " used expressions.
Stating that the global economy system will change drastically after the coronavirus epidemic is taken under control, Faber said that the revenues of the airline companies decreased by 95 percent and this situation will improve when the flights start, but the previous high levels may not be reached.
Faber said, "Some people will think 'we don't need to travel.' Some people will prefer to have conversations over Skype or Zoom rather than visiting their customers. People's behavior will change." he spoke.
Stating that the new system is the new winners and losers, Faber said, "Platforms such as Amazon, Netflix, Zoom have won. Retailers are losers ... Some big retailers (after quarantine) will never be able to open their shutters again." said.
- "People will move away from cities"
Swiss investor Faber stressed that retail companies have to be restructured and continued:
"If they do not change their operating models, they cannot be operational. For example, offices… There is an increasing tendency for people to work from home. Maybe they will only meet their employees once a week. There is no need for everyone to go to the office every day. "Maybe they will have a small office next to their house."
- "I don't think of selling my gold"
Marc Faber, his investments; He stated that he is located in 4 basic fields: real estate, stocks, bonds and precious metals.
Faber said that this year, precious metals and US treasury bonds are performing well with the strong US dollar, but US treasury bonds may not perform well in the next 2-3 weeks or 2-3 months.
Stating that he thinks gold is a bit too popular, Faber said, "This year may be a year of correction under the other. On the other hand, I do not intend to sell my gold. They are like my pension fund.
- Source, Translated to English from Haberturk
