Saturday, November 26, 2011

Marc Faber: Equities better than Bonds

Great 30 minutes interview of Marc Faber on Bloomberg Radio on the 26th of November 2011.

They discuss about government debts, equities, gold, the global economy and politics.

Some random quotes:
  • "I would rather buy Italian government debt at 7% than US treasuries at 2%".
  • "The best would be to break up the Eurozone ..with local currencies and the Euro co-exisiting..."
  • "You're better off investing in equities rather than in bonds or cash over the next 10 years"
  • "It's beautiful, wherever you look there are problems..."
  • "I'm very concerned about the slowdown in China"
  • "I own some companies like Hang Seng Bank and Sun Hung Kai Properties" and he doesn't invest directly in Chinese companies.
  • "I'm fully prepared to have less money over the next years" (due to higher taxes).
  • "It's my biggest worry, that eventually we'll have war".
  • "People that have deposit in the bank may lose money, who knows" in reference to MF Global and other companies that play with clients' money.
  • "Nothing will be done, the entitlement will continue, the government finance will continue to deteriorate and one day the government will go bust. Before that they'll print money..."

No comments:

Post a Comment