Thursday, October 17, 2013

Marc Faber Warns : China Crisis will be worse than US Shutdown

Marc Faber: Crisis in China is only a matter of time , China heading for Crisis more Serious than US Shutdown

Marc Faber ‘I am leaning towards the view that China is heading for a crisis. The question is whether they can postpone the problems with fiscal or monetary problems for a year or so,’ 

Maybe in China they can postpone a crisis for a while but when you look at the expansion of debt to GDP of 50% over the last couple of years, clearly that is not going to be sustainable for a long time.

People are so concerned about the fiscal problems in the US but I think these are relatively minor compared to what would happen to the world if China had a crisis,'  - in Citywire

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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