Face-to-Face With Marc Faber
by Prieur du Plessis
Recently by Marc Faber: Don’t Ignore India
Marc Faber, editor of the Gloom, Boom and Doom Report, sits down with Ben McLannahan, Asia Lex Writer of the Financial Times, to discuss a variety of pertinent economic and investment topics. In short, he suggests investors should make 2010 the year of “capital preservation”.
Part 1: Warns of partial US debt default Faber says irrational monetary policy means there are asset-class bubbles forming somewhere, only we don’t know exactly where yet.
Part 2: Forecasts negative US real interest rates Faber says stocks won’t reach new highs this year.
Part 3: On gold and China’s economic slowdown Faber predicts Asian stocks will underperform this year because of China’s inevitable economic slowdown and suggests accumulating gold and shifting more money to India and Japan.
Part 4: On the year of “capital preservation” Faber says global investors should make 2010 the year of “capital preservation”.
Source: Ben McLannahan, Financial Times, February 23, 2010. This appeared on Investment Postcards from Cape Town.