Jim Rogers : Marc Faber is Wrong about China

Jim Rogers does not agree with Marc Faber who has been warning brecently that the chinese economy is on the verge of collapse : "Marc still does not understand China. There are going to be several hard landings in the next few years, but China’s will be less hard overall than others such as Greece, U.S., et al," legendary investor  Jim Rogers told CNBC in an email - in CNBC

Marc Faber the Sky is The Limit for Rising Gold Price

Nov. 18 (Bloomberg) -- Marc Faber, investor and publisher of the Gloom, Boom & Doom report, talks with Bloomberg's Susan Li about the outlook for gold prices and his investment strategy. Faber, speaking in Singapore, also discusses Asian banks and rates the success of U.S. President Barack Obama's trip to China.

Marc Faber Bloomberg Interview 18 November 2009
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Marc Faber recommends Precious Metals Equities and Commodities rather than Cash at zero interest

In a fresh interview with CNBC-TV18 aired on Nov 16, 2009 Dr Marc Faber the author editor and publisher of the Gloom Boom and Doom report recommended Equities precious metals especially gold and commodities rather than cash at zero interest that is losing value over time ...gold and when asked if he thinks that there is a big dollar carry trade his answer was :

"I am not so sure there's a huge dollar carry trade. What happens is that worldwide because interest rates are at zero percent – institutions as well as individuals borrow money and they go and speculate. The dollar carry trade is frequently misunderstood in the sense that there are big short positions in the dollars. But one shouldn't over estimate the short positions in dollars because the world is basically awash in the dollars.

There are too many dollars floating around from the American current account deficit that reached USD 800 billion annually and total international reserves in the hands ofcentral banks now are USD 7.7 trillion. That is the dollar overhang and to some extent some people want to hedge their dollar exposure and then they sell dollars and buy foreign currencies and of course also precious metals including gold, silver, platinum, palladium."

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Marc Faber on Bloomberg 16 Nov on U.S. Asset Prices, Stock Market

Marc Faber Discusses U.S. Asset Prices, Stock Market

Nov. 16 (Bloomberg) -- Marc Faber, publisher of the Gloom, Boom & Doom Report, comments on U.S. asset prices and outlook for the stock market. (This is an excerpt of the full interview. Source: Bloomberg)

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Related Tags: Marc Faber Gold China Japan Asia Stocks marcfaber peter schiff ron paul jim rogers david tice lateline australia Faber, Bailout, Economy, Crisis, Inflation CNN Newsroom CNBC Reports Barack Obama Hyperinflation ben bernanke gerald celente Imf silver dollar collapse Bonds Commodities Euro Europe Globalisation Mark Yuan bubble credit FED housing money UK banking forclousure stockmarket system depression recession z00mvision nwo un and Doom Gloom Blackstone Bob economic interest joe kernan Leesman manoftruth rates rick santelli Steve Fannie Freddie bloomberg documentary famine feast food special television Commodities, International, Gold, Alan Greenspan Bust Vagabond Investors Real Estate Thailand, Brokers, Merrill, Lehman, Crunch Markets, Banks Bailouts Media journalism AIG Bailouts, Crunch, Recession, CNBC, Volker Your Meltdown, Rescue, Paulson, Fed, AC360 Anderson Cooper

Marc Faber Blog

Marc Faber (born February 28, 1946) is a Swiss investor. Faber is publisher of the Gloom Boom & Doom Report newsletter and is the director of Marc Faber Ltd which acts as an investment advisor and fund manager.[1][2][3] Faber also serves as director or advisor of a number of investment funds that focus on emerging and frontier markets, including Leopard Capital’s Leopard Cambodia Fund and Leopard Sri Lanka Fund.[4] Faber has a reputation for being a contrarian investor and has been called "Doctor Doom" for a number of years. He was the subject of a book written by Nury Vittachi in 1998 entitled Doctor Doom - Riding the Millennial Storm - Marc Faber's Path to Profit in the Financial Crisis.[5][6] Faber has become a frequent speaker in various forums and makes numerous appearances on television around the world including various CNBC and Bloomberg outlets, as well as on internet venues like Jim Puplava's internet radio show.[7] Faber has also engaged the Barron's Roundtable[8] and the Manhattan Mises Circle Faber was born in Zürich and schooled in Geneva, Switzerland, where he raced for the Swiss National Ski Team.[1] He studied Economics at the University of Zurich and, at the age of 24, obtained a Ph.D. degree in Economics magna cum laude.[10] During the 1970s Faber worked for White Weld & Company Limited in New York City, Zürich, and Hong Kong. He moved to Hong Kong in 1973. He was a managing director at Drexel Burnham Lambert Ltd Hong Kong[11] from the beginning of 1978 until the firm's collapse in 1990. In 1990, he set up his own business, Marc Faber Limited. Faber now resides in Chiangmai, Thailand, though he keeps a small office in Hong Kong.[12] Faber's company, Marc Faber Limited, acts as an investment advisor concentrating on value investments with tremendous upside often based on contrarian investment philosophies. Faber also invests and acts as a fund manager to private wealthy clients. Faber is a regular speaker on the investment circuit, often quoted in the financial press for his non-conformist viewpoint and alternative investment philosophies. Investment views Faber is credited for advising his clients to get out of the stock market before the October 1987 crash.[13] Faber predicted the rise of oil, precious metals, other commodities, emerging markets, and especially China in his book Tomorrow's Gold: Asia's Age of Discovery. He also correctly predicted the slide of the U.S. dollar since 2002[14] He stated that there are few value investments available, except for farmland and real estate in some emerging markets like Russia, Paraguay, and Uruguay.[8] He believed in early 2007 that a major market correction was "imminent." (Fox News, 2-2007); however, by 5/2007 he was saying that U.S. equities were moderately overvalued — less so than those of emerging markets. In a June 2008 interview with Bloomberg, he goes over his bearish views on a wide spectrum of investments: stocks, real estate and commodities. He is extremely critical of the Fed's inflationary actions. However, his views for the short-run were almost entirely deflationary except for holding precious metals; Faber still views hyperinflation as a certainty within the next 10 years. He also correctly expressed temporary bullishness for the U.S. dollar in the middle of 2008 before it dramatically recovered and positive expectations for holding the Japanese yen.[15] In December 2008, Faber said, "I think a recovery will not come in the next couple of years, maybe in five, ten years' time" [16] On March 9, 2009, Faber correctly predicted a U.S. stock market bottom. Correctly predicted markets in 2011 and 2012 as well including QE to infinity. |title=Inside Look - Gloom, Boom & Doom (Part 1) }} Writings Faber writes the monthly investment newsletter The Gloom Boom & Doom Report. He has also authored several books. Dr. Faber has been a regular contributor to several leading publications around the world in the past, among them Forbes[17][18] and International Wealth which is a sister publication of the Financial Times.[19] He has contributed regularly to several websites such as Financial Intelligence, Asian Bond Portal, Die Welt, Finanzen, Boerse, AME Info, Swiss Radio, Apple Hong Kong and Taiwan, Quamnet, Winners, Wealth and Oriental Daily. He has also written occasionally for the International Herald Tribune, Wall Street Journal, and Borsa e Finanza.[19] Faber has been long term bearish about the American economy for a number of years and continues to be so. He concluded his June 2008 newsletter with the following mock quote: "The federal government is sending each of us a $600 rebate. If we spend that money at Wal-Mart, the money goes to China. If we spend it on gasoline it goes to the Arabs. If we buy a computer it will go to India. If we purchase fruit and vegetables it will go to Mexico, Honduras and Guatemala. If we purchase a good car it will go to Germany. If we purchase useless crap it will go to Taiwan and none of it will help the American economy. The only way to keep that money here at home is to spend it on prostitutes and beer, since these are the only products still produced in US. I've been doing my part