Marc Faber, the editor and publisher of “The Gloom, Boom & Doom Report,” says the U.S. economy is "terminally ill," and his long-term prognosis isn’t encouraging.
"The U.S. has run a deficit for [so long]," he recently told CNBC. "The conditions today are more fragile than they were ever before, and unless somebody comes and introduces minus 5 percent interest rates, I think the economy is really not in such a great shape."
"I'm actually amazed that people are so optimistic," the editor and publisher of the "Gloom, Boom & Doom Report" added.
However, savvy investors aren’t left high and dry, without any options to turn a profit in this volatile and uncertain trading atmosphere.
In addition to emerging markets, India in particular, Faber says that Europe is a good investment, CNBC.com explained.
"I would rather build up cash positions and eventually invest in the euro," said Faber. "I think the euro is attractive and fairly priced. I think European stocks are also relatively attractive."
Faber also predicts real-estate invest trusts (REITs) should "do relatively well," he added, as well as consumer staples stocks, which have rallied almost 8 percent year to date.
Faber cautions that "tech is very uncertain."
Meanwhile, Vanguard Group’s Jack Bogle warns investors to “be realistic” when trying to wager financial bets amid such political and economic uncertainty under President Donald Trump.
And the index-investing pioneer also warns that investors should always be prepared for the market to fall by as much as 20% to 30% — or even more.
“It’s hard for me to figure out how this period stands out in an awful lot of good ways,” Bogle told MarketWatch.
“What the markets seems to be telling us here in the U.S. is that there are a few bullish things going on with the new administration, which is determined to borrow a lot of money to spend a lot of money,” said Bogle, the founder of the Vanguard Group, the world’s largest provider of mutual funds with $4 trillion in global assets under management.
(Newsmax wire services contributed to this report).