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Marc Faber Interviewed by Bloomberg; Comments on Goldman Sachs

Marc Faber Interviewed By Bloomberg (Video)

September 23, 2009 | About:
(GuruFocus, September 23, 2009) Marc Faber, the editor of Bloom, Boom and Doom Report was interviewed by Bloomberg lately.

In the first clips of the interview, Faber called Bernanke “a criminal” because of the Fed’s easy monetary policy. He is also very critical of the US Treasury’s fiscal policy too. He thinks the latest dollar weakness reflects the inflation is already at works.

In the second clip, Faber tells Bloomberg that the best run central bank globally is that of India. Thailand stock market is probably the cheapest. For the US investors, his advice is to stick with equity for it will provide a hedge again inflation (to some degree).

In the final clip, Faber suggests investors look at Oil and Drug companies for bargains. Drug and Cosmetic companies will actually benefit from growth of the emerging countries. On the recent surge of the financial stocks, Faber thinks that banks will be “dump, dump, dump” if they do not make money if the government essentially give them money for free. He regards Goldman Sachs Group.

In the end If you are looking for his definite prediction on S&P500 in one year, you will be a little disappointed:

Rating: 4.4/5 (20 votes)


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