19

Oct 2016

19

Oct 2016

War Monger Hillary Clinton as US President may not be useful for business sectors — Marc Faber

By StoneX Bullion

In spite of mainstream thinking on the effect of US Presidential race, Marc Faber the creator of The Gloom, Boom and Doom Report, is of the belief that Hillary Clinton's triumph may not be certain for the worldwide markets. Calling Hillary Clinton a war monger, Faber states that on the off chance that she is chosen for presidency, global strains 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 reported to CNBC TV-18. “She has supported the invasion of a variety of countries already. So her election may lead to more international tensions" Faber went on further to state to CNBC TV-18. "She has bolstered the attack of an assortment of nations as of now. So her decision may prompt more global strains," While expressing that US media and even the US Federal Reserve are supporting Hillary Clinton, Faber reportedly stated that independent of who becomes US President, money will be continued to be printed by national banks. “There is no other way out. The system is basically bankrupt so money printing will continue,” Remarking on the possibilities of Indian markets and his favoured venture goal, Faber said that he would preferably put resources into India for a long time. “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 went on to state “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 included. For the following 5-10 years, Faber is sure on developing business sector economies, especially India.
Tags