Monday, November 11, 2013

Marc Faber : China could spark bigger Crisis than 2008

Marc Faber's views on Asia via  CNBC:
  • An alarming credit boom in China could trigger a crisis that would make 2008 look mild in comparison
  • China, in particular, has seen credit as a percentage of the economy jump 50% in the last four and a half years
  • China has the “fastest credit growth you can image in the whole of Asia.”
  • Faber warns that China isn’t the only problem area. Other Asian countries are also seeing big jumps in household debt.
The Third Plenum meeting concludes in China tomorrow, with the market anticipating wide reforms.
- Via fxstreet : http://www.fxstreet.com/news/fxbeat/article.aspx?storyid=4ca31eb9-7e75-4f56-96f0-193f52776347
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Marc Faber

3 comments:

  1. No long ago we read about asia and especially Korea fast economic grouth due to China investors and travellers according to Faber....now it sounds like Faber is suggesting a predictable economic crisis of China and Asia market...isnt there a clear inconsistency???

    ReplyDelete
  2. Faber is consistant in taking money for advice which seems usefull mostly if you like to stop fearing about your cash by simply loosing it.

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