He explains that Greece is just a small appetizer to a much larger crisis. The market are currently overbought and there should be a correction in February / March the extend of which is yet to be seen. He said he bought shares in Singapore, Thailand and Hong Kong in November / January 2011 (Visit Marc Faber Picks at 2012 Barron's Roundtable for details).
He's also bullish on real estate in the US, he would buy a house as it is very cheap now. He gives an example of a nice 5-bedroom house in Phoenix that sold for 120,000 USD.
Finally he says China is the major issue in the world with most indicators pointing to bad economic times.
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