Decade Long Bear Market Ahead with Marc Faber

Interview recorded - 6th of April, 2023

On todays episode of the WTFinance podcast I have the pleasure of welcoming back Marc Faber, Editor and Publisher of the “Gloom, Boom & Doom Report”.

During our conversation we talked about the risk of a decade long bear market and whether they peaked in 2021, whether the US time as a world power had ended, who would be the next world hegemony and potential outperformance of emerging markets. I hope you enjoy!

0:00 - Introduction
0:22 - Marc’s current thoughts about the markets?
5:05 - Why will we see a downturn?
7:00 - Inflation adjusted equity market peak?
9:30 - Why have equity markets peaked?
12:50 - End of the US as a world power?
17:07 - Move away from the US Dollar?
21:00 - Further banking collapses?
24:10 - Change in city dynamic?
26:25 - Who will become the next world hegemony?
30:15 - Which emerging markets look interesting?
32:55 - Latin American countries cheap?
36:30 - One message to takeaway from our conversation?

Dr Marc Faber was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude.

Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd.

In June 1990, he set up his own business, publishing a widely read monthly investment newsletter “THE GLOOM BOOM & DOOM” report which highlights unusual investment opportunities.

He is also the author of several books including “TOMORROW’S GOLD – Asia’s Age of Discovery” which was first published in 2002 and highlights future investment opportunities around the world. “TOMORROW’S GOLD” was for several weeks on Amazon’s best seller list and has been translated into Japanese, Korean, Thai and German.

Dr. Faber is also a regular contributor to several leading financial publications around the world.

A book on Dr Faber, “RIDING THE MILLENNIAL STORM”, by Nury Vittachi, was published in 1998.

A regular speaker at various investment seminars, Dr Faber is well known for his “contrarian” investment approach.

Marc Faber -

Website - https://www.gloomboomdoom.com/
Twitter - https://twitter.com/gloomboomdoom?lang=en
LinkedIn - https://www.linkedin.com/in/marc-faber-gloomboomdoom/?originalSubdomain=hk

WTFinance -

Instagram - https://www.instagram.com/wtfinancee/
Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfn
iTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4
Twitter - https://twitter.com/AnthonyFatseas

Thumbnail image from - https://www.marketwatch.com/story/stocks-crashing-no-but-heres-why-this-bear-market-feels-so-painful-and-what-you-can-do-about-it-11664024098


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