Marc Faber: De-dollarization, Where To Invest Right Now, Stock Market, US Economy

Antiloop Podcast, Released on 7/12/23


  • Hi Marc, Describe your mindset and environment that led to that name already in 1990.
  • Old issues from 2004: ‘Reflation’, ‘Goldilocks’, ‘Good deflation’ – nothing changes!
  • What do you mean by an unusual investment opportunity?
  • Can you give a current example?
  • What is booming now (and ideally has some runway left)?
  • How are you invested (bulk), and investing (cash flow)? Preserve/expand?
  • Why? What are some of your main underlying tenets and assumptions? You look very long term How long cycles do you consider? 4th turning, New World Order? Dedollarization (good or bad? For which countries)
  • How can there be so much capital over for tech stocks, when banks are struggling with high rates? Nominal price effect? Net liquidity?
  • Electrification, critical materials, mining, energy crisis, oil, natgas?
  • Where do you get your information, how do you perform your research? How do you work?
  • What are some market prices or economic data series that you are watching frequently and regularly?
  • What’s the logic? How do the signals reflect the underlying facts?
  • How does the list of indicators change with time and development?
  • What has surprised you the last few years regarding the economy, political/monetary decisions and asset markets?
    What should the Federal Reserve and ECB do now? What are they missing? Too low or too high policy rates, and quantitative?
  • Bernard Arnault is the richest man alive, based on luxury goods, LVMH. What conclusions do you draw from that? What’s required for him to keep that position?…
  • so…What’s your view on US and global GDP growth in the coming 1-2 years? Large deficits and election enough to avoid recession? What’s taking so long? Where is the recession?
  • What are some of your favorite indicators for the economy or various asset classes?
  • What are you observing especially intently now? Certain countries? Industries? Other data? US/EU Banks? Spreads, FX? Gold, stocks?
  • What do you think about currencies like CNY and CHF as indicators of Gloom, Boom or Doom? What are they signaling now? CNY is weak and CHF strong.
  • Where are we in the gloom, boom, doom cycle? When BOOM? What needs to transpire before getting there? Coppock indicator?
  • What’s next? Where are the megatechs heading? ARK, Cathy Woods, Tesla? What effect do you think LLM AI has on profits?
  • What should a middle-aged educated employed western citizen do? Buy and hold stocks for the long run? what industries? India?
  • Or commodities/mines: Oil? Gold? Copper, Silver, Bitcoin? Ether, Uranium? What will be different this time vs last 25-50 years?
  • If you have time, please share some of your more relevant doom-oriented scenarios (Deglobalization, Global warming, Pandemics, New world order, World War, Africa?)

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.

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