Wednesday, November 13, 2013

Marc Faber : World Economies in a Gigantic Credit Bubble

 Marc Faber : If we take total credit as a percentage of the economies of  the most advanced economies then total credit as a percent of the economies is now thirty percent higher than in 2007 when the last crisis occurred and say in China credit as a percent of the economy has been growing over the last four and half years by fifty percent  , this is unprecedented it is a gigantic credit bubble - in an interview today with the Canadian BNN : Click here to watch the full interview

Marc Faber

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

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.


Related Posts Plugin for WordPress, Blogger...