Marc Faber: 2012 could see a major low in emerging markets

In an interview on CNBC-TV18, Marc Faber, editor and publisher of The Gloom Boom & Doom Report, said although there could initially be some further weakness in emerging economies against the U.S. market, he expected a major low in emerging markets later this year. “I think we should invest in the U.S.; I say maybe that’s correct for the next three months or so but I would rather be looking at an entry point in markets like India over the next six to nine months,” he said.

2012 could see a major low in emerging stockmarkets

“I think we should invest in the U.S.; I say maybe that’s correct for the next three months or so but I would rather be looking at an entry point in [stock] markets like India over the next six to nine months,” he said.

Marc Faber is a famous contrarian investor and the publisher of the Gloom Boom & Doom Report newsletter.

Marc Faber Sees Signs Of A Major China Slowdown Everywhere He Looks InAsia

There's something that worries Marc Faber more than Europe: China. Faber warned of a China crash in an interview today with King World News.

He says the slowdown is evident from his home in Chiangmai, Thailand:

"In China, if the economy slows down meaningfully or if there is a crash, it will have a huge impact on the demand from China for raw materials, for commodities.  It will impact Australia, Africa, the Middle-East and Latin America...

"I’m sure the economy (of China) is softer than official statistics would suggest and probably the government will start to print money at some point.  So maybe stocks will rebound here because of money printing, but again, it won’t help the economy....

“I live in Asia and all I can say is I observe a meaningful slowdown in business activity recently and increasing corporate earnings that disappoint...

“There’s a huge capital flight [from China], there’s no question about this.”