WTFinance, Released on 11/8/23 (Recorded on 11/7/23)
On this episode of the WTFinance podcast I have the pleasure of welcoming back Marc Faber for a third time. Marc is a well known contrarian investor & the Editor and Publisher of the “Gloom, Boom & Doom Report”. During our conversation we spoke about whether Marc still believe there will be a bear market, shift to short duration assets, how the FED is loosening monetary policy, what central bankers should be doing, regions that Marc is interested in & how to invest in emerging markets. I hope you enjoy!
0:00 – Introduction
2:06 – Could we still see a decade long bear market?
6:12 – Shorter term duration to benefit?
9:32 – Why has unemployment remained low if in a recession?
12:25 – When will data show a recession?
14:10 – How is the FED loosening monetary policy and reducing real wages?
19:45 – Money is tight in the real economy
21:30 – Higher inflation for longer
26:25 – What should central bankers do?
29:15 – What changes would Marc make if he were FED chair?
30:00 – Regions Marc is watching
31:45 – How do you invest in emerging markets?
33:05 – Marc’s thoughts on Indonesia, Mexico & Argentina?
34:34 – One message to takeaway from 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.