Trend Following With Michael Covel

My guest today is Marc Faber, a Swiss investor based in Thailand. He is the publisher of the Gloom Boom & Doom Report newsletter and the director of Marc Faber Ltd, which acts as an investment advisor and fund manager. The topic is economics. In this episode of Trend Following Radio we discuss: Current state of Russia Changing geopolitics Faber's experience living through the Cold War The difference between Crimea's value to the west and its value to Russia Why the Russians perceived the uprising in Kiev to be financed by western power China's reaction to the situation in Crimea; the construction boom in China The difficulty of forecasting China's geopolitical changes Positive and negative valuations of the market, and finding investments to be "cheap" or "expensive" Faber's advice to young people following his path today in the face of money printing and bailouts What can be done about wealth inequality Making a living in the face of instant communication and globalization Central banks' role in wealth