Marc Faber Blog

Thursday, July 31, 2014

Marc Faber dismisses his naysayers

Over my career, somewhere, somehow I must have made some right calls. Otherwise, I wouldn't be in business.

Tuesday, July 29, 2014

Would buy Hong Kong shares [VIDEO]

The fed has done little to main street, the average family in the United States and average median household. 

[Watch above Video]

Monday, July 28, 2014

Marc Faber likes Jeremy Grantham's thinking

We have a bubble in everything — from stocks to bonds, real estate, high-end real estate and even art. 

I believe stocks are fully priced here. I’m of the view of Jeremy Grantham. That when you have low valuations, future returns are relatively high; when you have high valuations, future returns are relatively low.

Thursday, July 24, 2014

No one is thinking clearly when everyone is thinking the same

Everyone thinks alike in the sense they say central banks will continue to print money and as a result asset prices will go up. When everyone thinks alike, no one is thinking clearly. 

We have seen cases where interest rates remain low or went down and markets still fell, like in Japan or the U.S. after March 2000. In 2001, they slashed the fed funds rate from 6.5% to 1%, yet the Nasdaq COMP +0.48%  still fell, the housing market still fell...the fact that you have low interest rates doesn't mean low asset prices cannot go down.