Marc Faber
Marc Faber, author of the book, Tomorrow's Gold: Asia's Age of Discovery
says the economic expansion which started in 2001 in USA has now expanded globally. The expansion was largely fueled by faster increase in US debt compared to its GDP, and this can not go on indefinitely. As the US debt growth cannot exceed nominal GDP growth for long, the outcome would be inflation.
He says there is a huge shift of wealth from US to Asia. According to him China and India are in a long term expansion phase and this trend will continue for next 15-20 years. This will lead to multi year rally in commodities.
He also recommends India as the place to be in for investors in coming decade.
says the economic expansion which started in 2001 in USA has now expanded globally. The expansion was largely fueled by faster increase in US debt compared to its GDP, and this can not go on indefinitely. As the US debt growth cannot exceed nominal GDP growth for long, the outcome would be inflation. He says there is a huge shift of wealth from US to Asia. According to him China and India are in a long term expansion phase and this trend will continue for next 15-20 years. This will lead to multi year rally in commodities.
He also recommends India as the place to be in for investors in coming decade.
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