Marc Faber

Famous 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.'"

"It's a step in the right direction, although not a big step, ... helps stabilize the currency for a while, but it's addressing the symptoms why the currency's weak, not the causes why the currency's 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."

"I'm very positive regarding Japan's markets,"

"If you are eager to invest in countries that have good corporate governance, don't 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 wouldn't 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 don't think his character is such that he will just retire, leave politics and fade away."

"If you print money like in Zimbabwe... the purchasing power of money goes down, and the standards of living go down, and eventually, you have a civil war."

"What I object to the current government intervention in so-called 'solving the crisis', they haven't solved anything. They've just postponed it."