Marc Faber: Inflation Makes Me Bullish On USA and Europe Markets In 2011

"Rising inflation pressures in emerging market nations will make Europe and the US better investment opportunities in 2011. Escalating food and energy prices will take a greater toll in poorer countries such as China and India.

We have money printing around the world and particularly in the US and that has led to very high food inflation and inflation in energy prices. In low-income countries like China, India, Vietnam and so forth, energy and food account for a much larger portion of personal disposable income than in the United States."

Marc Faber