Wed, Jul 8, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Dr Doom recommends investing in Asia, agriculture, water, precious metals, as "the crisis has yet to come"

Wednesday, June 23, 2010

Benedicte Gravrand, Opalesque London:

Fiscal deficits and monetary policies are at the top of the U.S. and Europe's agendas at the moment. But according to Dr Marc Faber, aka Dr Doom, there are unintended consequences to large fiscal deficits and to expansionary monetary policies. He claims the real crisis has yet to come, and in the mean time, puts his money in Asia and in commodities.

Marc Faber, an investment advisor and fund manager based in Hong Kong and the author of the famed Gloom Boom and Doom monthly report and of several books, was speaking at the CFA annual conference in London last week.

Just as a reminder, expansionary monetary policy seeks to increase the size of the money supply, using tools such monetary base, reserve requirements, discount window lending and interest rates - which are usually lowered. Neoclassical and Keynesian economics disagree on the effectiveness of monetary policy in influencing the real economy, and Keynesian economics advocates active policy responses by the public sector, including monetary policy and fiscal policy actions.

Fiscal deficit is a government's total expenditures that exceed the revenue that it generates (excluding borrowings). Keynes believed that such deficits help countries climb out of economic recession.

Easy money leads to unintended consequences According to Faber, artificially ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: New systematic strategy managed alongside research firm outperforms S&P500[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: An emerging CTA manager explains how he runs his strategy, which is based on an index produced by a research firm. Peter Turk is head of

  2. Opalesque Exclusive: New systematic strategy embraces machine learning[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The founder of a New York-based systematic trading firm, which offers a hybrid between alpha strategies and alternative feta at lower fees, describes his approa

  3. Larry Robbins' hedge fund Glenview buys 1m Tenet Healthcare shares[more]

    Komfie Manalo, Opalesque Asia: Glenview Capital Management said it bought an additional 979,482 shares at Tenet Healthcare Corp valued at $53.80 million, raising its stakes in the healthcare services company to 15.16%, reported

  4. Legal - Grayson’s hedge funds under scrutiny for possible ethics violations, Court rejects hedge fund’s motion to block merger of Samsung affiliates[more]

    Grayson’s hedge funds under scrutiny for possible ethics violations From Freebeacon.com: Rep. Alan Grayson is finding himself in hot water over managing hedge funds that bear his name, actions that are in possible violation of House ethics rules. Sitting members of Congress are prohibite

  5. Hedge funds decline in June as stocks tumble on Greek woes[more]

    From Bloomberg.com: Hedge funds posted losses across strategies last month as uncertainty over whether Greece will remain in the euro sent global stock markets tumbling. Winton Capital Management declined about 3.1 percent in June in its $12.1 billion Winton Futures Fund, leaving it down 1.9 percent

 

banner