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Marc Faber is fleeing from emerging markets
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Thursday, January 20, 2011
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From Newsmax:

Inflation is on the rise in emerging markets, and that makes the United States and Europe better investment opportunities in 2011, says Marc Faber, editor of the Gloom, Boom, and Doom Report.

Rising food and energy prices will cause trouble in countries like China and India, he tells CNBC.

"We have money printing around the world, and that has led to very high food inflation and inflation in energy prices," Faber points out. "In low-income countries like China, India, Vietnam and so forth, energy and food account for"...

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Topics: Emerging_Markets | Asia | Stocks
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