Wednesday, April 30, 2014
Marc Faber CNBC Interview on US Markets, Gold Miners, Emerging economies
Watch the above video for CNBC Interview from April 2014
Tuesday, April 29, 2014
Monday, April 28, 2014
India inflation to continue higher
My sense is the [Indian] central bank doesn't have a monetary policy that will lead to a significant drop in inflation. The interest rates probably in real terms are still very low, and over the time, the pattern of the rupee has been weak.
It's so that capital has flown into India, but equally, a lot of capital has flown out of India.
For India, oil is a very important commodity and I think oil prices will go up, which will be negative for India.
This may come as a surprise to you that global oil stocks may perform strongly.
It's so that capital has flown into India, but equally, a lot of capital has flown out of India.
For India, oil is a very important commodity and I think oil prices will go up, which will be negative for India.
This may come as a surprise to you that global oil stocks may perform strongly.
Inflation and Agriculture
There are supply issues particularly with global agriculture commodity. I think agriculture commodity will continue to rebound, which will have an impact on India and also on its inflation rate.
Friday, April 25, 2014
China to have open forex market
It's very clear that China over time will have an open foreign exchange market and capital market. It's a step in the right direction, but it's a very small step.
Thursday, April 24, 2014
Generating returns from investments not always easy
Frontier markets are relatively risky assets. Five years ago, all the German dentists were investing in Vietnam, and then it collapsed. More recently, they all wanted to buy Myanmar assets.
But investors must understand, yes, long term, they will grow, but there is an execution risk. I'm the chairman of a fund in Cambodia, and I'm not managing the fund, I'm just the chairman of the board, so I look after investors' interests, but the manager so far has really failed to perform particularly well, given the strong growth rate Cambodia has, for the simple reason that they invested money in numerous assets that didn't work out.
So this is not such a simple game. We always have to consider, optically China had macroeconomically the best growth anyone could imagine for the last 15 years. But I wonder who has made money in Chinese stocks. Not many people.
But investors must understand, yes, long term, they will grow, but there is an execution risk. I'm the chairman of a fund in Cambodia, and I'm not managing the fund, I'm just the chairman of the board, so I look after investors' interests, but the manager so far has really failed to perform particularly well, given the strong growth rate Cambodia has, for the simple reason that they invested money in numerous assets that didn't work out.
So this is not such a simple game. We always have to consider, optically China had macroeconomically the best growth anyone could imagine for the last 15 years. But I wonder who has made money in Chinese stocks. Not many people.
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