Tuesday, November 12, 2013
[VIDEO] Marc Faber to CNBC : It Will End Badly
"Look at China, its credit as a percent of the economy has increased by 50 percent in the last 4-1/2 years. This is the fastest credit growth you can imagine in the whole of Asia,"
"It will end badly and the question is whether we will have a minor economic crisis and then huge money printing or get into an inflationary spiral first,"
"Why are so many product prices in Singapore and Hong Kong more expensive than in the U.S.? It's because when you have asset inflation and high property prices, shops have to pay higher rents, so they charge more for their products. So asset inflation can flow into consumer inflation,"
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Posted by Nicole Bourbaki