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Marc Faber: Central Bank Action Priced into Equities

September 07, 2012 | About:
Dheeraj Grover

Dheeraj Grover

Renown doom predictor and publisher of "The Gloom, Boom and Doom" report was on CNBC to discuss his views on Central Bank actions around the world. He thinks QE3 in the U.S. and the new bond buying program announced by the ECB are already priced into the market.

-- Free market is the best system in the world; capitalism works.

-- All government interventionists into the economy should be sent to North Korea to see what disastrous consequences are when government interferes in the economy.

-- Portfolio weightings - he is light on equities because he is seeking diversification, has roughly 25% in equities, 25% in real estate, 25% in cash and emerging market bonds.

-- Debt of Khazakstan is much higher quality vs. U.S. government debt.

-- He has more exposure to Asia, and he also bought Europe as the thinks it got way cheap.

Here is the video:

About the author:

Dheeraj Grover
I am an individual investor with deep interest in the field of value investing. My ideas and thinking is inspired by highly respected value investors like Ben Graham, Warren Buffett, Walter Schloss, Bill Ruane and Tweedy Browne

Rating: 2.5/5 (4 votes)


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