InvestIdeas

"Dr. Doom" Marc Faber warns about China's economic decline

China reports its economy is growing 7.5%... but the Chinese government will publish whatever statistics they want to show, "Dr. Doom" Marc Faber says.

"Chinese stocks have been the worst performing stocks since 2006." Investors believe the Chinese government when they say everything is fine… but the stock market won't believe it.

China has a huge amount of debt. Its debt to gross domestic product ratio is 215%. That means China owes twice as much as it makes.

Faber goes on to say, "If China unwinds… it will be a disaster for emerging economies." Investors are not sufficiently aware of this. China's economy is more important to emerging economies than the U.S. economy. China imports raw materials and exports manufactured goods… to and from emerging economies.

Faber finishes his interview with a warning. If the Chinese economy slows down, there will be less money going to emerging economies. Brazil will suffer a recession. The Middle East and Africa will suffer. It will be a disaster.

http://thecrux.com/dr-doom-marc-faber-g ... c-decline/

I'm worried about a crisis bigger than 2008: Faber
http://www.cnbc.com/id/101654131?__sour ... 0a%20crisi

by behappyalways » Wed Jul 09, 2014 5:34 pm

Marc Faber: The asset bubble has begun to burst

http://www.cnbc.com/id/101820233?__sour ... set%20bub# .

"Dr. Doom" Marc Faber slams U.S. intervention in the Middle East

Source: Zero Hedge

http://thecrux.com/what-dr-doom-marc-fa ... ing-now-2/

by behappyalways

Marc Faber: McDonald's shows bear market is coming

http://finance.yahoo.com/news/marc-fabe ... 54942.html

Marc Faber: Investors Recognizing Global Growth Slowdown
http://www.bloomberg.com/video/marc-fab ... mRwlQ.html

Faber: Japan Is Engaged in a Ponzi Scheme
http://www.bloomberg.com/video/faber-ja ... Vh0~w.html

"Dr. Doom" Marc Faber has some brilliant advice on gold by Mike “Mish” Shedlock

In the wake of plunging gold, people constantly asked when I would throw in the towel.

I was somewhat puzzled by these repeated questions as I said initially, and repeated along the way, my play was for the long term, and that I was holding for the duration.

During the most recent plunge, I responded, “My only concern is when to add.” I did so, yesterday.

“I Am My Own Central Banker”

I am not the only one who sees things this way. Marc Faber made similar comments in a recent video interview with Gold Broker.

Marc Faber: Everyone always says, I want to buy low and I want to sell high. So I think for me, of course I own a lot of gold, and I need to buy more to keep asset allocation between 25% in Real Estate, 25% in equities, 25% cash and bonds, and 25% gold.

I need to buy more. So for me this is a very happy event. I don’t like to buy gold at $1,900 like in 2011. I like to buy it here or lower.

Gold Broker: Do you think it will break under $1,000 like some people say?

Marc Faber: Look. The forecasting record of people is horrible, in particular, the forecasting record of the Federal Reserve. So, I don’t know, maybe it will go below $1,000 but my sense is that it will not stay below $1,000. … . I would use the current weakness as a buying opportunity. … I’m telling everybody, you as an investor, and me as an investor, we cannot trust the government. … I am my own central banker. I keep my own physical gold. I do not trust anyone of these FCKs.

Gold Broker: [Asked Faber about the possibility of a stronger US$]

Marc Faber: [Laughed then replied] … Of all the currencies I see in the world, there are only four that I like: Gold, Silver, Platinum, Palladium. Nothing else.

Gold Broker: How do you see the Swiss Gold Initiative? How does that affect the gold market?

Marc Faber: I do not think it will affect the gold market. I am in favor of the gold initiative… And I would suggest they [the Swiss National Bank] should hold their foreign reserves 100% in gold, not just 20%. But equally, I am saying to myself, I am my own central banker. I own my own reserves, in gold.

Source: Global Economic Trend Analysis

http://thecrux.com/what-dr-doom-marc-fa ... 37gMXBU%3D