“In general I like plantation companies – I like everything to do with agriculture,” said Faber
“Now agriculture prices have tumbled – corn, wheat, soy beans and so forth, but in the long run we have a global population that has more than doubled since 1960. We are now seven billion people and we will still grow.
I think resources are very stretched and food will become very important,” he added.
…also from Marc:
Marc Faber predicts rising rates to hit asset prices
The question is what will be the catalyst, it could be a rising interest rates not engineered by the Fed, because I think they will keep the interest rates at Zero on the Fed funds rate for a very long time.
Bond markets, something very unusual, French government bonds were yielding last week 1.3 percent. Spanish, Italian bonds as much as US 10 year treasuries. We could essentially have a break in bond markets at some point. We also could have a strong dollar. A strong dollar has already happened in the last two months signifies that international liquidity is tightening and when that happens its usually not good for asset markets.
