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Marc Faber: You can buy the Singapore stock market with a four percent dividend yield. Well, Singapore is a relatively sound economy. It's diversified and it's well run, unlike the U.S., unless, of course, the U.S. is run by Mr. Trump. Then the U.S. will improve.
Bloomberg News: But Mr. Faber, I mean, we're seeing from Donald Trump's potential policies that he wants to slow international trade between the United States and other countries. Surely that's going to be a block upon free markets.
Marc Faber: Well, I agree that it is negative if you have restrictions on a free market. That, I agree entirely. But you have to equally see that the U.S. has essentially given in on a lot of things that benefit other countries. If you look at, say, the growth, 2000 to today, which countries have done relatively well? The emerging markets have done fantastically well. Their GDP has gone up substantially. The standards of living have gone up substantially. They have accumulated large reserves, and so forth. The U.S. and Europe and Japan, relatively speaking, have been declining, and that, the statistics are visible from industrial production in emerging economies. It's doubled in the last 12 years. Global trade, you look at the share of emerging markets, it's gone up. The developed world, the U.S., Europe, Japan, it's gone down and so forth. So I think that maybe we have to find a way to have a more balanced approach to global trade. I'm not saying protectionism, but the more balanced approach that is fair to the developed world.
Bloomberg News: Are you really a fan of Mr. Trump, Marc?
Marc Faber: It is all relative. Given the alternatives, I would vote for Mr. Trump, because he may only destroy the U.S. economy, but Hillary Clinton will destroy the whole world. Look at her nation building in the Middle East, how successful that has been.
