Thursday, September 29, 2011

Some sectors of the Chinese economy will collapse

Marc Faber : ...in 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

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