The editor and publisher of The Gloom, Boom and Doom Report said that he personally favors emerging market securities that are still “cheap” …
Marc Faber underlined his belief that emerging markets provide a more suitable option for more profitable investments. He added that he has parked cash in countries such as Vietnam, Iraq, Malaysia, Thailand, and Singapore.
“I made some investments more than a year ago in Iraq, because it’s very cheap. There’s lots of problems but the market is very very inexpensive,” he said. “Russia is dirt cheap, but I don’t think there is a hurry to buy Russian stocks.”
http://www.cnbc.com/id/101626956
As usual he is a super bear over the US.
