Is it too late to invest in India?

The precarious state of the US economy means that investors should be thinking about moving their assets out of the country. But where is the best place to invest, asks Marc Faber in Whiskey & Gunpowder? India is becoming more and more popular as a long-term investment destination – but with the stock market at record highs, is it too late to invest in India?

I would like to remind our readers that Mr Bernanke, when confronted with declining asset prices sometime in the future (the Dow Jones and housing market are down around 10% from their highs), will ease massively in order to support the asset markets.

After all, it was Bernanke who said, in a 2002 speech given in honour of Milton Friedman, 'I would like to say to Milton and Rose: Regarding the Great Depression. You're right, we [the Fed] did it [caused the Depression]. We're very sorry. But thanks to you [Friedman], we won't do it again.'

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