Widgetized Section

Go to Admin » Appearance » Widgets » and move Gabfire Widget: Social into that MastheadOverlay zone

Marc Faber on Global Stocks, Gold, Investment Strategy

Betty Liu, Bloomberg, Released on 10/1/14

“Usually when you have U.S. dollar strength, it means that it’s a sign or a symptom of tightening global liquidity, which usually hasn’t been particularly good for U.S. stocks. Now, if I look around the world, U.S. stocks are very pricey compared to other shares around the world. Maybe they’ll go up a little bit more like in ’87 or before March 2000 and then they’ll drop a lot, but in general, if you take the view of the next 7 to 10 years, I think you’ll make more money in emerging economies, whereby near-term, I think all markets are vulnerable. All of them.”

*Video will play about 10 seconds after clicking the play button

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. A book was also published about Marc’s investing style and life: Riding the Millennial Storm: Marc Faber’s Path to Profit in the Financial Markets.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.