WTFinance, Released on 4/12/23

On todays episode of the WTFinance podcast I have the pleasure of welcoming back Marc Faber, Editor and Publisher of the “Gloom, Boom & Doom Report”. During our conversation we talked about the risk of a decade long bear market and whether they peaked in 2021, whether the US time as a world power had ended, who would be the next world hegemony and potential outperformance of emerging markets. I hope you enjoy!

0:00 – Introduction
0:22 – Marc’s current thoughts about the markets?
5:05 – Why will we see a downturn?
7:00 – Inflation adjusted equity market peak?
9:30 – Why have equity markets peaked?
12:50 – End of the US as a world power?
17:07 – Move away from the US Dollar?
21:00 – Further banking collapses?
24:10 – Change in city dynamic?
26:25 – Who will become the next world hegemony?
30:15 – Which emerging markets look interesting?
32:55 – Latin American countries cheap?
36:30 – One message to takeaway from our conversation?

Dr. Marc Faber was born in Zurich, Switzerland and obtained a PhD in Economics at the University of Zurich. Between 1970 and 1978, Dr. Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In 1990, he set up his own business, Marc Faber Limited which acts as an investment advisor and fund manager. Dr. Faber publishes a widely read monthly investment newsletter, “The Gloom Boom & Doom Report,” which highlights unusual investment opportunities, and is the author of several books including Tomorrow’s Gold: Asia’s age of discovery which was a best seller on Amazon. Dr. Faber is known for his “contrarian” investment approach and charismatic personality. He became infamous after calling the 1987 crash in US equities.

  inflation, investing, stocks