By Jeff Cox, CNBC Staff Writer
NEW YORK ( CNBC) -- Rising inflation pressures in emerging market nations will make Europe and the U.S. better investment opportunities in 2011, according to "Dr. Doom" Marc Faber. Escalating food and energy prices will take a greater toll in poorer countries such as China and India, the author of the "Gloom, Boom and Doom" report said in a CNBC interview. "We have money printing around the world and particularly in the U.S. and that has led to very high food inflation and inflation in energy prices," Faber said. "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."
| More from CNBC 'Explosive' Food Prices a Threat |
Obama: Wall Street's Best Friend?
Biggest Holders of U.S. Government Debt