US
Marc Faber publisher of the Gloom, Boom & Doom Report views the 10 year US treasuries as attractive investments due to a weakening economic outlook. He believes that “we’re already entering recession in the United States.”
The benchmark U.S. 10-year note yield was little changed at 2.24 percent as of 7:04 a.m. in New York, according to Bloomberg Bond Trader prices. The price of the 2.25 percent security due in November 2025 was 100 3/32. Treasuries have returned 1.1 percent in 2015, down from 6.2 percent last year, based on Bloomberg World Bond Indexes.
U.S. economic growth slowed to an annualized 2 percent rate last quarter from 3.9 percent in the previous three months, the Commerce Department said Dec. 22. The last time the economy was in a recession was December 2007 until June 2009, according to the National Bureau of Economic Research.
Emerging Markets
Emerging markets have under-performed during the year, it might be slightly premature to enter according to Marc Faber though we are near buying range.
(MSCI Emerging Market Index)
Real Estate
Portugal, Spain, Italy, Thailand, Myanmar and Vietnam real estate look attractive.
Vietnam Stock Exchange
Faber views Vietnam Stock Exchange as a good bet for 2016.
About: MARC FABER
Born in Switzerland and educated in Geneva and Zurich, Dr. Marc Faber received his PhD in Economics from the University of Zurich at age 24. The former managing director at Drexel Burnham Lambert from 1978-1990 has lived in Hong Kong for the past two decades. He concentrates on Asian market niches with tremendous upsides.
- •In 1987, he warned his clients to cash out before Black Monday hit Wall Street.
- •In 1990, he predicted the bursting of the Japanese bubble.
- •In 1993, he predicted the downfall of U.S. gaming stocks and foresaw the Asia Pacific Crisis of 1997-98.
- •In March 2008, he predicted a U.S. stock market bottom (though he believed it would last only six months).
His motto is “Follow the course opposite to custom and you will almost always be right.”
Source: (Bloomberg, FT, Kenyan WallStreet, TradingEconomics)
