In a Barron’s video interview published by the Wall Street Journal, ‘Dr. Doom’ said,
I think that my bet is that if
In January he said at a Societe
He sees an anaemic economic performance from Europe this year, he thinks the U.S.
Alone among the emerging markets, India is still growing impressively at 5-6%. However, Dr. Faber does not see the enormous gains made in some sectors of the Indian economy – the stock market rallied 35% last year- and those of other emerging markets continuing.
“A lot of markets are not terribly
He added that while China is slowing
There is a lot central bank interventions and expectations by investors what the central bank will do next and so investors pile into stocks in the expectation that the Bank of China will essentially ease.
When asked where one should invest their money he indicated that his main strategy currently was to short various sectors rather than shorting companies.
While he sees mainly shorting opportunities, he is long gold, prefers physical gold and opts for storage in Singapore:
- Source, Market Oracle