Tuesday, June 24, 2008

Marc Faber Favors Commodities as Inflation Quickens

Faber is one of the bright ones.
From Bloomberg:
Japanese stocks, Asian real estate and commodities are investors' best bets as faster inflation erodes returns in the rest of the world's markets, investor Marc Faber said.

``Demand for commodities and oil will not vanish,'' Faber, the Gloom, Boom & Doom Report publisher, said at a conference in Tokyo. ``The shift in demand that drove up commodity prices is not going to go away.''

Inflation may boost Japanese share prices and Asian property will benefit as more people gain access to mortgages, Faber said. Japan's Topix Index has fallen 8.6 percent in 2008.

``For Japan, inflation is favorable,'' Faber said, because it ``will bring cash out of the mattress and into equities and real estate.''>>>MORE