Wall St. For Main St., Released on 11/2/23
During this 40+ minute interview, Marc talks about the history of interest rates and how there are a number of similarities between markets and government debt now and in the late 1960s and 1970s with inflation coming in waves. Marc expects a lot more inflation, more bailouts and higher interest rates long term but in the short term he is parking more cash in shorter term US Treasuries and earning 5%. As a contrarian value investor, Marc is looking at different emerging market countries and gold stocks over the next 6-12 months for bargains after there is more panic selling and capitulation.
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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.
Jason Burack is an investor, entrepreneur, financial historian, Austrian School economist, and contrarian. Jason co-founded the startup financial education company Wall St for Main St, LLC, to try to help the people of Main Street by teaching them the knowledge, skills, research methods, and investing expertise of Wall Street. You can also find Jason’s work at his blog website at www.jasonburack.com.