Marc Faber (born February 28, 1946; nicknamed "Dr. Doom")[2][3][4] is a Swiss investor based in Thailand.
He is the publisher of the Gloom Boom & Doom Report newsletter, and the director of Marc Faber Ltd, which acts as an investment advisor and fund manager.
[15] In May 2006 Faber said he would advise Swiss pension funds to move assets out of the US, because the Fed had “created bubbles all over the place that could lead to one volcanic eruption after the other”.
[16] Faber in 2007 correctly predicted the rise of oil, precious metals, other commodities, emerging markets, and especially China in his book Tomorrow's Gold: Asia's Age of Discovery.
[14] He stated that there are few value investments available, except for farmland and real estate in some emerging markets like Russia, Paraguay, and Uruguay.
[17] He also expressed temporary bullishness for the U.S. dollar in mid-2008, before it dramatically recovered and positive expectations for holding the Japanese yen.
[21] In 2009, Faber predicted with 100% confidence that the Federal Reserve's policy of keeping interest rates near zero would lead to hyperinflation approaching levels seen in Zimbabwe.
[28] On March 27, 2013, Faber said that the U.S. was creating nowhere-to-hide bubbles in many emerging economies such as Indonesia, Philippines, and Thailand (up four times from 2009 lows).
[35] He has contributed regularly to several websites such as Financial Intelligence, Asian Bond Portal, Die Welt, Finanzen, Boerse, AME Info, Swiss Radio, Apple Hong Kong and Taiwan, Quamnet, Winners, Wealth and Oriental Daily.
In the October edition of Faber's Gloom, Doom and Boom Report, he criticized "liberal hypocrites" and ongoing efforts to tear down "monuments of historic personalities."
"Thank God white people populated America, and not the blacks," Faber wrote, according to an excerpt of the newsletter quoted by Business Insider.
[39] Faber was subsequently asked to resign from the boards of several firms, including Ivanhoe Mines, Sprott Inc. and NovaGold Resources.
CNBC, Fox Business, and Bloomberg TV said that they did not plan to schedule future appearances from Faber.