Marc Faber: Blue Chips And Emerging Markets May Be Keys To The Next Decade's Success

"In Europe, we have the low interest rates in 25 percent of the countries, and [in] the 90 percent countries of the world, we have near zero interest rates," Faber said.

"Do I want to buy European sovereign bonds after negative yield where I am sure to lose some money? Not a lot of money, but some money? Or, do I want to be in some blue chip stock? If I take a 10 year view, I think I will make more money in

."

He continued, "As you know,

and their currencies have by and large grossly underperformed the U.S. over the last few years since say 2010, 2011, in some cases 2006.

"Now I do want to be in the U.S.; that is an expensive market. Or, do I want to be in Europe that is reasonably priced; it's not cheap exactly, but reasonably priced and has also this liquidity injection or in emerging markets. For the longer term, I like emerging economies, not all of them, but I think that I will make more money in the emerging economies than in the U.S. in the next 10 years."

Faber also remarked that "I am even more bearish than I was at the time, but I can see that if disaster strikes […] I think in blue chip stocks, you will lose less money than in sovereign bonds."