Tuesday, November 26, 2013

Credit Rate Spiking Fast


If we take total credit as a percentage of the most advanced economies, then total credit of the economies is now 30 percent higher than in 2007 when the last crisis occurred. 

Similarly in China credit as a percentage of the economy has been growing the last few years by 50 percent. This is unprecedented. It is a gigantic credit bubble. I admit it may go on but it will end badly.

 
Marc Faber
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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