Tuesday, May 12, 2009

Marc Faber Interview

An interview with Marc Faber. I am amaze that he can describe the key points of a chart without looking at it. He must have everything in his head.

Some points:
  • Asian market has bottomed in Oct / Nov 2008.
  • Copper has bottomed.
  • Expecting a correction and another push into July 2009.
  • Inflation will be a problem when the economy starts to recover.
  • US bonds will be in a bear market in the next 20 years.
  • No green shoots, but just less bad news.
  • Commodity price will go up higher than equity.
  • Low interest encourages speculation.
  • Gold will correct to the downside but it is a good buying oppurtunity.
  • Mining, natural gas stocks is inexpensive.
  • Start nibbling on real-estate in Asia.
  • Bush and Obama are disaster.

Part 1 of 2:

Part 2 of 2:

No comments: