Thursday, September 29, 2011

Some sectors of the Chinese economy will collapse

Marc Faber : my view we do not know yet for sure why stocks have been this weak over the last three four months , I think the stock market is a discounting mechanism , and particularly here in Asia the weakness in stocks say here in Hong Kong has to do with a force coming meaningful slowdown in the Chinese economy and disappointing news out of China , If we define a bubble as excessive credit growth and artificially low interest rates than China has had a gigantic bubble , now will it collapse or will it just slow down that is a different issue but I think some sectors of the economy will collapse .... - in Reuters

I think the US Dollar will continue to rally

Marc Faber :  I think the US Dollar will continue to rally not because it is a desirable currency but because it is better than many other currencies are ,... - in Reuters

Dr. Marc Faber Tomorrow's Gold

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.