Mon, May 30, 2016
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. Performance - Hedge fund ETFs take a battering, Have long-short credit funds delivered?[more]

    Hedge fund ETFs take a battering From ETFStrategy.co.uk: It was a blow for the hedge fund world when Hillary Clinton’s son-in-law Marc Mezvinsky announced he would be closing his Greek-focused fund after it plummeted in value by 90%, just two years after it launched. For passive investor

  2. Ares Capital to buy American Capital in $3.4 billion deal[more]

    From PIOnline.com: Ares Management's business development company Ares Capital Corp. is buying troubled BDC American Capital for $3.43 billion, said a joint news release by the BDCs and another release by Ares Management. Ares Capital Corp.'s assets are expected to grow to about $13.2 billion when t

  3. Launches - Man Group and American Beacon launch new emerging debt fund, Nikko AM launches new Japan equity UCITS fund[more]

    Man Group and American Beacon launch new emerging debt fund American Beacon Advisors, an experienced provider of investment advisory services to institutional and retail markets, launched the American Beacon GLG Total Return Fund today. The Fund became effective May 20. The America

  4. Emerging markets hedge funds perform strongly, but capital base erodes[more]

    Komfie Manalo, Opalesque Asia: Latin American Emerging Markets and Russian hedge funds lead industry gains in the first months of 2016, posting strong performances through April as global and EM equity, commodity and currency markets surged in recent weeks following steep losses to begin the year

  5. Americas - Australian banks sending U.S. hedge funds broke, Ryan Puerto Rico ‘rescue’ bill could be windfall for hedge funds[more]

    Australian banks sending U.S. hedge funds broke From SMH.com.au: US hedge funds are not having the best of years. Profits are hard to find, they're underperforming and the punters are losing patience, withdrawing US$15 billion ($20.8 billion) in the March quarter. They're expected to wit