Thursday, August 1, 2013

Marc Faber : For Now, The US is still the dominant Financial Market and the dominant Financial Power

Marc Faber : I think that for now, the US is still the dominant financial market and the dominant financial power. I think we have numerous problems in China, and I personally pay more attention to what is happening in China and in other emerging economies than to what Mr. Bernanke is saying.

The Chinese are not completely dishonest, but if you read between the lines of the hard-core statistics in China, in my view, they don’t match with the public statistics about GDP growth. The economy is growing at say, maximum 4 percent per annum, not 7.5 percent or 7.7 or 7.6 percent. - in zerohedge



MARC FABER

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

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