Monday, December 29, 2014

Low growth even in Asia says Marc Faber

I'm living in Asia and I can see we are not in a recession, but there is very little growth at the present time. 

Monday, December 22, 2014

Marc Faber sees value in Palm Oil

I think the Agriculture commodities collapsed by 50 percent- wheat, corn, soybeans, and so forth. And Palm Oil has very close correlation to Soybean prices and it also collapsed by 50 percent and with it the plantation companies went down. 

Related Stocks: IOI in Malaysia, Wilmar in Singapore

Thursday, December 18, 2014

Countries with surpluses investing mostly in Canada, Australia

What happens is some of these countries (such as Soviet Union, Eastern Europe, India) have large export surpluses, have reserves built up, then they come back into Europe and USA, but mostly into Canada, Australia to purchase assets for diversification reasons. 

Monday, December 15, 2014

Marc Faber feeling gloomy on prospects for Western World

We are in a world that is driven by money printing and, in general, I believe the standards of living for many people in the Western world will continue to decline as they have declined over the last 20 years.

Monday, December 8, 2014

Marc Faber December 2014 update

Jeremy McCarthy who is Group Director of Spa at the Mandarin Oriental Group asks his students, “What is worse, a negative employee or an apathetic one?”

McCarthy explains: “Of course, there is no right or wrong answer to this question, and it invariably sparks an interesting discussion. Some will recognize that an apathetic employee can be a drain on the system as they collect a paycheck but contribute minimally to the goals of the organization. Most of my students will say the negative employee is worse, citing, ‘one bad apple can spoil the bunch’ or other fears of the contagious nature of negativity.

But in their new book, The Upside of Your Darkside, psychology researchers Todd Kashdan and Robert Biswas-Diener say, ‘you need an anxious person on your team,’ because they serve as the ‘canary in the mine shaft,’ alerting you to problems before your more optimistic team members even become aware of them. You need someone who will tell you when you are making a mistake.”
I really like McCarthy’s short essay because he displays a very positive attitude towards “negativity” instead of endorsing “negativity toward negativity.”  

Christmas time is a time for reflection and for giving. Winston Churchill opined: “We make a living by what we get, we make a life by what we give.” My regular readers know that I and therefore, also the readers of this report, support the Child’s Dream Foundation, which is headquartered in Chiang Mai, Thailand.

I am also very impressed by Proyecto Mirador, which is a foundation set up by Richard and Dee Lawrence. PM is a non-profit organisation that sells gold standard voluntary market carbon offsets to pay for the construction of Dos por Tres fuel-efficient stoves in rural Central America. Since 2004, PM has built more than 80,000 stoves in rural Honduran homes (12% penetration), from which 450,000 people have benefited. So, in case you have the same problem I usually have around Christmas, which is to find a suitable gift for all your relatives and close friends, may I suggest you make a small contribution on their behalf to a charity of your choice or to one of the above-mentioned ones. In my case, thanks to the strong performance of my “Foundation Account” (+18% in 2014) I made a contribution on our behalf to all these organizations.   

Monday, December 1, 2014

Marc Faber to speak in Muscat, Oman on Dec 4

Bank Muscat is to host economist and investment analyst Marc Faber on December 4, 2014 as part of the bank’s series of seminars. Doctor Doom aka Marc Faber is to share his insights on the state of world economy and financial markets.

Faber studied economics at the University of Zurich and got his PhD at the age of 24. He publishes a widely-read monthly investment newsletter ‘The gloom boom and doom’ report which highlights unusual investment opportunities, and is the author of several books, including ‘Tomorrow’s Gold – Asia’s Age of Discovery’ which was first published in 2002 and highlights future investment opportunities around the world. It was for several weeks on Amazon’s bestseller list.

On his perceptions about the global economy in 2015, Faber told the bank that it would be flat to down in 2015 as there was no growth in Europe, coupled with decelerating growth in most emerging economies and anaemic growth in the US, which might well go into reverse.

The dollar was likely to strengthen further in 2015 against the euro and the yen. Near-term, he felt that there would be a correction and also thought that the Fed was unlikely to increase rates in 2015.

About the Middle Eastern economies in general and the GCC in particular, Faber said the decline in oil prices was likely to lead to a slowdown in these economies.