Speaking to CNBC-TV18 Marc Faber says Indian‘government move to clampdown on black money is negative in the longer run. I don‘t think big corruption comes from bank notes.
The Federal Reserve has inflated an asset bubble and that`s going to damp market returns, perma-bear Marc Faber, publisher of The Gloom, Boom and Doom Report, told CNBC Tuesday.
The Gloom, Boom and Doom author Marc Faber has been overweight on banks but right now Indian equities do not appear compelling due to steep valuations.
Also known as "Dr. Doom," Faber said that new highs in emerging markets were unlikely and did not see any buying opportunities in emerging markets, yet.
Most experts feel Indian equities will give 15-18% returns in the next 12-months.