Rotten Western Democracies

Marc Faber the author of The Gloom, Boom & Doom Report, is of the view that India will outperform the US over a 5-10 year period. In a conversation with ET Now Faber said, “India has done very well in 2017 and is grossly outperforming the US. Even if India grows at only 5%, it is still better than the US, Europe”. Citing a PwC report he said, India would be the second largest economy by 2050. “Outlook for the Chinese, Indian economy for emerging markets, in general, is far superior to the outlook in our rotten western democracies,” he told the business news channel.

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He also suggested in investing into commodity stocks given the low prices of commodities. Marc Faber preferred to invest in commodity-related plays over financial assets. However, Faber cautioned that each commodity has to be analyzed separately. He also pointed out to a positive outlook for copper, as he said that the shift to electric cars will increase demand for the metal. Among other stocks, Marc Faber named real estate, travel & tourism and hotels as the sectors he likes. He said he sees a huge opportunity in real estate on the trend of buying 2nd homes, and added that domestic and international tourism will bring potential for hotel chains, travel companies.

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