Sunday, September 9, 2012

Business has Slowed Down considerably in Asia

Marc Faber : ...In Asia we don't have the unfunded liabilities that western European economies and the u.s. and japan have. we have essentially relatively solid financial conditions in Asia, but some countries, you know, like Vietnam car sales are down 40%. steel production or steel usage is down 40% from the peak a few years ago. so we have in some countries already a meaningful slowdown and by and large if you talk to businessmen, business has definitely slowed down considerably.   - in CNBC The Call 06 Sept 2012
Click here to watch the full interview>>>>>>>


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