INTERNATIONAL. Marc Faber the Swiss fund manager and Gloom Boom & Doom editor spoke today about the Standard & Poor's credit rating downgrade of US sovereign debt, and how the downgrade was long overdue as the 'junk bond' was no longer worth of an AAA rating.
He views the downgrade as moderately positive for equities because it shows investors there is a risk in holding government bonds and discusses the conditions that will lead to QE3.
Speaking in an interview from Chiang Mai, Thailand, with Susan Li on Bloomberg's "Asia Edge" this morning, Faber said a government b
INTERNATIONAL. Despite the impact of low oil prices and civil unrest on many countries in the Middle East, a number of economies have a favourable long-term growth outlook, including the UAE, Iran, Qatar, Saudi Arabia and Tunisia.
INTERNATIONAL. The downward revision of Fitch's oil price assumptions for 2016 and 2017 to US$35/b and US$45/b, respectively, has major negative implications for Saudi Arabia's fiscal and external balances.
UAE. Findings From Eighth Annual ASDA'A Burson-Marsteller Arab Youth Survey Released; Lack of jobs and opportunities seen as the number-one recruitment driver for ISIS; Five years after fighting for political freedom during the Arab Spring, today most young Arabs prioritise stability over democracy.
INTERNATIONAL. A wave of jitters dispersed across the global markets following the static China CPI of 2.3% which rekindled concerns over a slowdown in economic momentum in the world's second-largest economy.
UAE. The price premium associated with a "view" has been one of a subjective assessment in Dubai, however there are decades of research that exist in the global markets that quantify the effect of a "view" on real estate assets.
UAE. Frost & Sullivan: Market expected to grow at CAGR of 5.7% between 2015-2020; Structural changes due to economic diversification, harmonisation of regional trade and customs regulations, and expansion of logistics infrastructure.
SAUDI ARABIA. The slowdown is due to demand-supply mismatch and the country's overall macroeconomic scenario, according to JLL's latest report; The existing mismatch is expected to widen as more retail and office supply is expected to enter the market with the easing of backlog projects.
INTERNATIONAL. "It's going to come to a point where there is just going to be no real economical benefit to any kind of production staying at any kind of level in those countries. And once they come off, that's going to obviously support oil prices."