Quotes by Marc Faber

“Twenty years ago, ... [a family] spent its income on housing, clothing, food appliances, cars, a radio and a TV. Today, it will spend additional money on a DVD player, computers, fax machines, printers, several cellular phones and a whole host of other new electronic gadgets...modern society requires people to continuously enlarge the basket of goods that are considered necessary to lead a good life.”

“Its a step in the right direction, although not a big step, ... helps stabilize the currency for a while, but its addressing the symptoms why the currencys weak, not the causes why the currencys weak.”

“The Japanese share market will strongly outperform New York in the next five years, ... The enormous cash reserves from private households and companies, the money they keep under their mattresses, will flow into the economy.”

“Im very positive regarding Japans markets,”

“If you are eager to invest in countries that have good corporate governance, dont invest in emerging economies,”

“Over the last six to nine months the economy has performed again much better.”

“Geopolitical tensions are on the rise and could at some point in the future have a very negative impact on the global economy and financial markets,”

“I wouldnt buy the Indian stock market today. It is not a bargain. If it goes too much higher, it could easily halve. Chinese shares, which were very expensive, are now more reasonable.”

“He will not come back right away, he will probably try to put up a front man. I dont think his character is such that he will just retire, leave politics and fade away.”

When you print money, the money does not flow evenly into the economic system. It stays essentially in the financial service industry and among people that have access to these funds, mostly well-to-do people. It does not go to the worker.

The positive aspect of my negative view is essentially that you shouldnt own cash and government bonds, but you should be in assets like real estate or equities or precious metals or in commodities.