Because Mr. Bernanke and Mr. Obama are money printers!
Faber also likes Asia in the medium to long term for his stock holdings. And he hates cash. He believes longer term, Americans should have at least 50% of their cash in emerging economies, because their higher growth rates offer greater opportunities for returns.
I like what he says about gold – that you shouldn’t try to time it. Just accumulate it.
Interestingly he thinks Japanese stocks will outperform US and European stocks – because they are not really reliant on Japan, but instead sell their wares to the rest of the world.
Hat tip Carson for the link.