We Are Already In A Recession Despite Strong Liquidity with Marc Faber

WTFinance

Interview recorded - 7th of November, 2023
On this episode of the WTFinance podcast I have the pleasure of welcoming back Marc Faber for a third time. Marc is a well known contrarian investor & the Editor and Publisher of the “Gloom, Boom & Doom Report”.
During our conversation we spoke about whether Marc still believe there will be a bear market, shift to short duration assets, how the FED is loosening monetary policy, what central bankers should be doing, regions that Marc is interested in & how to invest in emerging markets. I hope you enjoy!
0:00 - Introduction
2:06 - Could we still see a decade long bear market?
6:12 - Shorter term duration to benefit?
9:32 - Why has unemployment remained low if in a recession?
12:25 - When will data show a recession?
14:10 - How is the FED loosening monetary policy and reducing real wages?
19:45 - Money is tight in the real economy
21:30 - Higher inflation for longer
26:25 - What should central bankers do?
29:15 - What changes would Marc make if he were FED chair?
30:00 - Regions Marc is watching
31:45 - How do you invest in emerging markets?
33:05 - Marc’s thoughts on Indonesia, Mexico & Argentina?
34:34 - One message to takeaway from 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