1. Hillary Clinton as US President may not be good for markets; she is a war monger: Marc Faber

Hillary Clinton as US President may not be good for markets; she is a war monger: Marc Faber

Calling Hillary Clinton a war monger, Marc Faber says that if she is elected, international tensions will increase.

By: | Updated: October 17, 2016 3:37 PM
Hillary Clinton, Hillary Clinton president candidate, Hillary Clinton news, Hillary Clinton candidate US president Contrary to popular belief on the impact of US Presidential election results, Marc Faber is of the view that Hillary Clinton’s victory may not be positive for the global markets. (Reuters Photo)

Contrary to popular belief on the impact of US Presidential election results, Marc Faber the author of the The Gloom, Boom & Doom Report, is of the view that Hillary Clinton’s victory may not be positive for the global markets. Calling Hillary Clinton a war monger, Faber says that if she is elected, international tensions will increase. “The belief is that if Trump gets elected then it would be negative for the asset markets, US markets. A Hillary victory would be positive. I am not so sure about this belief because Hillary is basically a neocon and a war monger,” Faber told CNBC TV-18. “She has supported the invasion of a variety of countries already. So her election may lead to more international tensions,” Faber said.

Faber believes that Trump as US President would be more aware of America’s declining super power status. “Trump is more aware of the fact that the US super power stand is gradually waning and that other countries are coming up. He knows that US cannot fight the whole world and that it cannot be the policeman to the whole world. US has to gradually start negotiating with other countries on equal terms,” says Faber.

Watch: What Marc Faber has to say about the US Presidential elections 

While stating that US media and even the US Federal Reserve are supporting Hillary Clinton, Faber said that irrespective of who becomes the US President, central banks will continue to print money. “There is no other way out. The system is basically bankrupt so money printing will continue,” he said.

Commenting on the prospects of Indian markets and his preferred investment destination, Faber said that he would rather invest in India for 10 years than the US. “I know that there are studies that will negate this view, but in my opinion a country that will grow at 5% or 6% or 7%, such as India, will have in the long run corporate profit growth that is about equal to GDP and if companies are well run, and if they can expand for a given period of time as a percentage of the economy, they can achieve earnings growth of say 10-15-20% per annum for a given period of time,” he said. “So in other words, nominal economic growth translates into higher corporate profit and that in the long-run translates into higher equity price. And that is the case for India,” he added. For the next 5-10 years, Faber is positive on emerging market economies, particularly India.

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