Dr. Marc Faber and Yra Harris on the Markets and Investing

Marc Faber: Is Democracy still suitable for Modern Times?

Marc Faber on US China trade war, the Japan trap and why finance is more vulnerable

With global markets struggling for direction after a rocky start to the year, Dr Doom has been conspicuously absent from the conversation. Investment adviser Marc Faber, 72, who adopted the nickname in 1987 after a newspaper column highlighted his contrarian outlook on markets, has had a quiet six months.

Faber – a once regular guest on business news shows such as CNBC’s Squawk Box and Bloomberg Television – has faded from view since the publication of his October newsletter The Gloom, Boom & Doom Report for comments that were condemned as racist. This included a passage where Faber used offensive racial references in laying out a bleak picture for the US if its early immigration flows had been from Africa rather than Europe. He has since been dropped from the booking lists for programmes at Fox News and CNBC, according to Reuters.

At the time, Faber told Canada’s Global & Mail he stood by the remarks, saying in an email exchange that he did not regret writing the passage and that he had a free right to express his views.

When This Week in Asia spoke to Faber at his suite at the Grand Hyatt in Hong Kong this year, he sounded resigned to the loss of his appearances on business television.

“Everything in life and the universe has a timeline, it is transient. In other words, what you have today, you may not have tomorrow,” Faber said.

Known for a keen interest in history, and the works of innovators such as Russian “wave theory” economist Nikolai Kondratiev, Faber has slipped from the public spotlight just as global markets have entered a period of heightened volatility.

Faber was widely considered media gold at times of crisis for his tendency to speak candidly, tapping a pragmatism that seems tied to his upbringing in Zurich.

Faber also has a solid record in calling the market correctly. Among Barron’s Roundtable members in 2002 to 2011, he scored the second highest annualised return of 23.4 per cent among the eight annual stock-pickers, according to Pundit Tracker.

In February, the current market turmoil had not set in, yet Faber foresaw what was to become a major turning point for the markets, spelling out a gloomy forecast just days before the Dow Jones Industrials would record its largest single-day point decline.

“I don’t think markets will be very attractive this year and I want to own some cash,” Faber said at the time.

- Source, SCMP

Marc Faber: Central Banks Only Postponing Economic Problems, Not Solving Them

Marc Faber: All you need to know before the Opening Bell

The US Fed's decision to cut interest rates by 25 basis points to a range of 1.75 per cent to 2 per cent will be the biggest factor giving direction to the markets today. This is the second time this year that the Fed has cut rates, although this time it has offered mixed signals on the next easing.

The U.S. central bank said the rate cut was intended “to provide insurance against ongoing risks" including weak global growth and resurgent trade tensions. Meanwhile, it described the US economic outlook as "favourable". Later, during his news conference, Fed Chair Jerome Powell said the Fed did not see imminent recession, or think the central bank would cut rates to negative territory.

Following the rate cut, the Wall Street closed higher on Wednesday. The Dow Jones rose 0.13 per cent, the S&P 500 gained 0.03 per cent, and the Nasdaq Composite dropped 0.11 per cent. Asian shares edged higher on Thursday. MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.03 per cent. Japan’s Nikkei rose 0.46 per cent, while Australian shares rose 0.23 per cent. Trends on SGX Nifty, the Singaporean Exchange for Nifty Futures, were suggesting a flat start to the domestic indices.

Next, the Bank of Japan and Bank of England will announce their interest rate decisions later in the day.

Back home, the Finance Minister's meet with heads of public sector banks today to review credit flow in the economy will be closely watched.

In commodities, oil prices edged lower after Saudi Arabia said it would quickly restore full production. Brent crude oil futures settled at $63.60 per barrel, a 1.47 per cent decline.

Factors such as the movement of rupee against the US dollar, oil price movement, foreign capital flows, and stock-specific action will also influence trading sentiment.

- Source, Business Insider

Indian economy can worsen further, market valuation too steep

The sudden attack on Saudi Aramco’s facilities saw oil prices flare up and dented sentiment across global financial markets. Marc Faber, Editor and Publisher of The Gloom, Boom & Doom Report tells Puneet Wadhwa there are pockets of value emerging across the globe.

However, at the current juncture, some part of the portfolio should be in cash. Edited excerpts: How are you viewing the debate around the overall economic slowdown in India? The recent economic data has been very disappointing. We are not in an overall recession, but some sectors like automobiles are suffering...

- Source, Business Standard, Read More Here

Marc Faber on Funding Chaos in The Repo Market

Marc Faber: Millennials Are Doomed

Marc Faber: We Are Already in a Recession, Things Are Going to Get Worse

Marc Faber : China Wins The Trade War in the Long Run

Marc Fabers Outlook for Emerging Markerts

Cash In Stock Market Profits, Buy Gold & Silver And Wait It Out

  
The economy and markets can’t go on like they have been for the last ten years. Marc explains what’s coming…

Marc Faber of The Gloom Boom Doom Report interviewed by Half Dollar of Silver Doctors.

Marc Faber returns to Silver Doctors for a hard hitting interview you surely won’t want to miss.

- Source, Silver Doctors