Wednesday, September 11, 2013

Malaysian Banks are solid

Malaysian banks are solid, as they are not involved in risky financial instruments such as derivaties by US banks, said investment guru Dr Marc Faber. Faber, the publisher of the widely-read Gloom, Boom & Doom report, said that despite Fitch Ratings’ recent negative outlook on Malaysia, the country was relatively well compared to other emerging countries.


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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