Monday, April 29, 2013

Asia looks like a good bet

 I’ve recently been on to Vietnam, Cambodia, Laos, of course Thailand, because I have a house there, and Myanmar. that whole region is known as Southeast Asia, and I think that region of 250 million people will continue to grow regardless because you have a relatively high GDP per capita in Thailand, maybe 3,000 or 4,000 US Dollars, and the surrounding countries GDP per capita less than $1,000. And these countries are opening up now, and I think with the trade links and transportation links that are being expanded regardless of what happens in the world, can grow. Provided there is geopolitical stability in Asia which is a big question mark. 

Monday, April 22, 2013

Dr Marc Faber on owning Gold

Owning gold is should be viewed as the ultimate  insurance policy to cover financial calamity.

A 30 percent correction or 40 percent correction cannot be ruled out, but as  I maintain, again and again, I’m not going to go and sell my gold.

Friday, April 19, 2013

Deflation in the system

With the recent commodities falling apart, oil, grains, including Gold. At the same time we have bonds rallying very strongly.

This implies there are deflationary pressures in the system. If that was the case, I wouldn't buy stocks, or sovereign bonds. The stock markets would be hit by disappointing profits if there was a deflationary environment.

Monday, April 15, 2013

North Korean tensions are a test

One should not believe the North Koreans are acting on their own. Its all a test to see the resolution by the US, Japanese and the foreign powers. The Chinese are watching as they will do the same in a few years.

North Korea can hardly produce bicycles. They cannot produce nuclear weapons on their own. They are getting outside help.

Source :

Monday, April 8, 2013

Faber April 2013 Gloom Boom Doom report

 It should be obvious that if 80% of the population owns just 7% of financial wealth, they will be tempted to transfer at some point in future, part of the wealth of the 5% or 10% richest Americans to the masses that have no savings.

Read full text at his website at

Thursday, April 4, 2013

Unintended consequences of bank deposit insurance

The MF global collapse had a negative effect on the depositors.

By having a deposit insurance consumers don't worry about which Banks and Institutions are safer. But without deposit Insurance consumers will be more cautious.

Via Faber Blog

Tuesday, April 2, 2013

Money printing is dangerous for the market

When money is printed it doesnt flow equally into the market. My concern is we are going to have a systemic crisis that will may not allow us to even hide in gold.

Monday, April 1, 2013

US Stocks are at risk

When asked about whether to buy US Stocks Marc Faber

I think US stocks wont go too much higher from here and there is considerable downside risks. Europe has current account surplus but their economy is in a recession and this will affect the US stocks as well. Bulk of the US corporations profits come from Europe. Also at the same time global liquidity is contracting.

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