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Marc Faber positive on Indian realty in long-term

Published on Tue, Sep 30, 2008 at 14:52 |  Source : CNBC-TV18

Updated at Tue, Sep 30, 2008 at 15:10  

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Marc Faber , Investment Guru

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Investment Guru Marc Faber feels that commodity prices will not perform well for next six months. The US financial markets are hurt by high level of debt versus assets, he added. According to Faber, the growing urbanisation will support the realty market in India in the long-term. Real estate remains attractive asset class for the long-term, he feels.

 

Faber likes precious metals as they don't depend on industrial demand. Faber feels that the US and emerging markets look oversold. They may bottom in September, he said. One can expect a bounce in the markets, but India will not go to 20,000 levels soon.

 

 

  

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