Friday, April 18, 2014

Chinese Credit Bubble Deflation will bring Problems to the Commodity Market



"We had a colossal credit bubble in China," "This bubble is now being gradually deflated and will bring about problems in the real estate market and among some major players in commodity markets.""I think the figures of the trading partners are more reliable.""Chinese stocks have been just about the worst performing stocks since 2006," Faber said. "Analysts will dismiss that and say everything is perfect, but the stock market doesn't seem to believe everything the government is saying about the Chinese economy." Faber told Bloomberg TV.- in Bloomberg TV


Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.
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Dr. Marc Faber author of the Gloom, Boom and Doom report is a world class Investor, Doctor Faber 's typically controversial and contrarian views have earned him the label of Dr. Doom. Doctor Doom also trades currencies and commodity futures like Gold Natural Gas and Crude Oil.Even his harshest critics must admit that he's been unerringly correct in his market forecasts over the past three decades . Marc Faber is a Swiss investor.He was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude. Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, which acts as an investment advisor and fund manager. Faber is publisher of the Gloom Boom & Doom Report newsletter and is the director of Marc Faber Ltd which acts as an investment advisor and fund manager.