Marc Faber Blog

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. 

Wednesday, July 23, 2014

Social Media stocks dont appear attractive to Faber

Well, globally we have essentially euphoria in anything that is related to social media and the Internet. I am personally not so interested to invest in sectors that are popular and that sell at relatively high valuations.