Monday, December 22, 2014

Marc Faber on Detroit's decline

In the 1920's nobody could have expected where Detroit was probably one of the richest cities in the world, that the city would disintegrate as much as it has.

Tuesday, December 9, 2014

Marc Faber was among the first to start a Russian fund

I have from time to time invested in Russia. I was the founder of I think the second Russian fund 'FireBird' with my partner and then they wanted me to sell out in 97 and so I sold out. 

Sunday, November 16, 2014

Zero percent interest rates creating imbalances

My sense is that the Fed and other central banks around the world will keep interest rates at very low levels for a very long time. The whole investment world has been distorted by essentially zero interest rates and expansionary monetary policies.

Sunday, November 2, 2014

Incomes declining in West and Japan

Children in Western societies and Japan, the today’s generation will earn less than their parents. They will have less wealth than their parents, inflation-adjusted, because of wealth taxes, including estate taxes. Also, real median incomes are declining in the Western world and Japan. 

Monday, October 20, 2014

Diversify investments into Gold too

I've advocated owning gold since the late 1990's. It is a safe investment in times of monetary uncertainty and monetary inflation. I would keep roughly 25 percent of my assets in gold.

Monday, September 29, 2014

Marc Faber quotes Milton Friedman on poverty

We have an entitlement society. Milton Friedman wrote about this – the more you give to people, essentially the more poverty you create.

Monday, September 1, 2014

Marc Faber praises Julian Assange, Edward Snowden

I'm not so worried about government censorship but I believe that the media, in other words, texting and the Internet, has opened the eyes of many people because the media basically is controlled by powerful groups like News Corp and the Wall Street Journal, etc., and I think that blogs and so forth, and also people like Julian Assange and Snowden, have done a great service to the world by essentially exposing the viciousness of governments, like George Orwell described in 1984. 

I don't think this will go away, but we have to realize that if a government is really obnoxious they can just switch off the Internet and they can block sites, like in China you can't watch YouTube. It can be controlled.

And then in the space of the Internet there is also a lot of disinformation. If I was a vicious government I would hire some people to attack me without any reason and then I would go after these people to show that I'm actually the good person. So there's a lot of information and disinformation.

Tuesday, August 19, 2014

Faber owns Russian company bonds

I was the founder of I think the second Russian fund 'FireBird' with my partner and then they wanted me to sell out in 97 and so I sold out. And I have from time to time invested in Russia. And I own some bonds of Russian companies. 

Sunday, July 27, 2014

Marc Faber puts his gold in safe deposit

I keep my gold in safe deposit boxes. They wouldnt be big enough for silver.

Monday, July 14, 2014

We need a reasonable sized government

When government makes people safe, enforces contracts, protects liberty and enforces property rights great things begin to happen. As government continues increasing, it next spends on infrastructure. Such spending further accelerates economic growth. It is clear that a little government does a lot of good. 

But as Ronald Reagan pointed out, “Government is not a solution to our problem, government is the problem.

Sunday, June 8, 2014

US Markets could be in trouble

The U.S. market is in a very dicey position where it could easily drop 10, 20 percent. I don't regard this as a very healthy market.

Monday, March 31, 2014

China wary of US military

Marc Faber speaks on the multiple US military bases in Asia and Australia

"China will not sit by and let themselves be bossed around by the US."

Monday, March 24, 2014

Asian airlines vs Catering business

I am not keen to own Singapore Airlines or Cathay Pacific Airways because they have a lot of competition from budget airlines. But I like some airline-servicing companies based in Singapore, including SATS [SATS.Singapore], in the catering business, and SIA Engineering [SIE.Singapore], which overhauls aircraft. They have subsidiaries in many Asian countries. The stocks yield around 4%. They aren't supercheap, and the Asian markets generally aren't cheap enough for me. But longer term, if you want to park money in Asia, both companies will do well.

Monday, March 3, 2014

Marc Faber likes the attitude change in Asian family businesses

"The attitude has changed in Asia. Many family businesses used to be dishonest but now are more honest. They realized that by being relatively clean, they could earn a higher stock-market valuation."  

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Tuesday, February 4, 2014

Buy selected Indian stocks

In dollar terms, the Indian market is still down about 40% from the peak, because the currency has weakened. 

In the 1970s, stock market indexes performed poorly and stock-picking came to the fore. Asia could be like that now. It is a huge region, and you have to invest by company. Some Indian companies will do well, and others poorly. Some people made 40% on their investments in China last year, but the benchmark index did poorly.

Tuesday, January 14, 2014

Marc Faber quote on Mumbai, India

If someone says that rupee is undervalued we have to put in the proper perspective, maybe in some sectors of the economy the rupee is undervalued but I don't think the rupee is undervalued if you look at the prices of high-end luxury Mumbai properties

Wednesday, January 8, 2014

Marc Faber quote on government postponing crisis

What I object to the current government intervention in so-called 'solving the crisis', they haven't solved anything. They've just postponed it.

Sunday, January 5, 2014

Marc Faber Quote on Government Intervention

India needs to stabilise the currency on a permanent basis and then it can build "sustainable steady" economic growth

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Friday, January 3, 2014

Marc Faber Quote

If you print money like in Zimbabwe... the purchasing power of money goes down, and the standards of living go down, and eventually, you have a civil war.

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Thursday, January 2, 2014

Gold is the best currency

Gold remains the best currency bet these days because of the fact that the yellow metal supply is extremely limited. Gold at the current price of 1,110 dollars per ounce is less expensive than it was sold for less than 300 dollars per ounce years back.

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