Thursday, December 22, 2016

US stocks vs Developed and Emerging economies

If you want to be in equities, the U.S. market is now at the most expensive level compared to Europe, Japan and emerging economies it's ever been. There were more new 12-month lows than new highs.

In March 2017, the U.S. bull market will be eight years old. By any standard, this is a very aging bull market. By June 2017, the economic recovery will be eight years old. By any standard, a recovery that is very mature.

Sunday, October 23, 2016

I would never vote for the Clintons

I would never -- and I repeat never -- in my life vote for someone like Hillary Clinton or Bill Clinton. They are dishonest, have no morals whatsoever and there is so much smoke around them wherever they went, wherever they lived. When there is so much smoke, there must be also a big fire somewhere.

Monday, October 10, 2016

Infrastructure and Real Estate are attractive areas for investment in Asia

Well I suppose that everywhere in Asia, one of the themes will be infrastructure. Infrastructure has a lot of potential in India for port facilities, roads, bridges, tunnels, and then you need infrastructure for tourism and domestic airline passengers. So you need to build hotels, airports etc. So that is a sector in my view that is very attractive. Another attractive sector is real estate – secondary locations like weekend homes and so forth.

Sunday, October 2, 2016

Bangladesh, Laos, Cambodia among others have better growth potential than developed markets

Emerging economies have a better potential to grow in the long-run than the developed markets. Among specific countries, Vietnam, Laos, Cambodia, Thailand, northern Malaysia, Myanmar, India, Bangladesh, China, Nepal have a very low GDP to per capita. I have no doubt that in the next 10 - 20 years, the GDP per capita in Vietnam could be higher than, say, Thailand. So the growth is there in these regions

Wednesday, September 7, 2016

Marc Faber was an early investor 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. And I have from time to time invested in Russia. And I own some bonds of Russian companies. 

Wednesday, August 24, 2016

Marc Faber: Stocks vs Bonds

I was recently at a dinner, and someone said, ‘Where are you going to hide when disaster strikes?’ I think in blue chip stocks, you will lose less money than in sovereign bonds.

Tuesday, May 17, 2016

Watch your gold and guard it from our authorities

They will take the gold away and go back to some gold standard by revaluing the gold say from now 1000 dollars an oz. to say 10,000 dollars an oz.

Wednesday, May 4, 2016

Chinese money not fleeing due to confidence but because of diversifcation

I don’t buy the argument that capital is leaving China because of a lack of confidence in China. It’s partly diversification. Some Chinese people are diversifying their assets into other jurisdictions.

Wednesday, April 20, 2016

Marc Faber is okay with his Asian portfolio returns

The problems they’re [Asian markets] facing may last a few years. But in a portfolio of Singapore and Thai shares, our dividend yield on average is 4-5%. Sure, they're not performing well in the near term, but compared with Japanese bonds, Italian bonds, etc., I feel reasonably OK about my returns.

Monday, April 11, 2016

Asia the place to be despite the gloomy mood on Emerging Markets

Right now, the mood is very negative about Asia. I moved to Asia in 1973 and I've been writing about it in my “Gloom, Boom & Doom Report” since then. When I came to Asia, Hong Kong, Singapore, Taiwan and South Korea were dirt poor. But you go to Korea, Taiwan or Singapore nowadays, and they’re very modern societies.

There has been a huge economic development. On the other hand, in the West, not much progress has been achieved in terms of real GDP per capita. The typical family in the Western world—including Europe and the U.S— is actually hardly better off than in the 1970's.

Carl Icahn and Mark Zuckerberg are much richer. That's true; some people have become very wealthy. But the typical family has lagged behind significantly. But in Asia, I can say that basically everybody has progressed; some more than others, but there was huge progress.

The dominance of the global economy that resided with Britain in the 19th century, with Europe and the U.S. in the 20th century, is moving elsewhere—particularly to Asia. In the long run, there are still huge opportunities there.

Tuesday, March 15, 2016

Sovereign wealth fund redemptions hurting Emerging economies

The whole of West Asia is in kind of depreciation and the whole resource sector is badly affected because of that. The resource producing countries whether it is Brazil or South Africa or Russia and suppose they all are suffering.

Tuesday, March 8, 2016

The great rally from Year 1980 to 2015 is ending

In my view the great asset inflation that we had in 1980 to last year is coming to an end.

Tuesday, March 1, 2016

Raising rates by US Fed is an "achievement"

The recent economic indicators around the worldare all weakening. In the US, they are down close to 7 per cent. After not having increasing rate since 2008, Yellen increased the rates before the recession. That is an achievement.

Thursday, February 18, 2016

We are yet to see the worst of the markets

It could be worse… what we’re seeing here is just an appetizer of something larger....

Thursday, February 11, 2016

Smaller funds to outperform bigger funds

I was recently at the ETF conference. It was in Miami and it is all now indexed market where stock selection and sector selection has become very important. I believe smaller funds will have a better potential to actually outperform the huge ones that are managing $100 billion or $500 billion.

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