Marc Faber Sees Signs Of A Major China Slowdown Everywhere He Looks
“In China, if the economy slows down meaningfully or if there is a crash, it will have a huge impact on the demand from China for raw materials, for commodities. It will impact Australia, Africa, the Middle-East and Latin America…
“I’m sure the economy (of China) is softer than official statistics would suggest and probably the government will start to print money at some point. So maybe stocks will rebound here because of money printing, but again, it won’t help the economy….
“I live in Asia and all I can say is I observe a meaningful slowdown in business activity recently and increasing corporate earnings that disappoint…
“There’s a huge capital flight [from China], there’s no question about this.”
Listen to the full interview here
Source: Business Insider
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Posted by Profitimes
on Nov 30 2011. Filed under Best of the Web, Free Articles.
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