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Monday, December 30, 2013
The Chinese Economy Is Softer than Official Statistics Would Suggest
In China, if the economy slows down meaningfully or if there is a crash,
it will have a huge impact on the demand from China for raw materials,
for commodities. It will impact Australia, Africa, the Middle-East and
I’m sure the (chinese) economy is softer than official statistics would
suggest and probably the government will start to print money at some
point. So maybe stocks will rebound here because of money printing, but
again, it won’t help the economy....
There’s a huge capital flight [from China], there’s no question about this. - in Business Insider
Tickers, iShares MSCI Australia Index Fund ETF (EWA), iShares
FTSE/Xinhua China 25 Index ETF (FXI), iShares MSCI Brazil Index ETF
(EWZ), United States Oil Fund (USO)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.