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Wednesday, January 29, 2014
Big Pollution Problem in China
Faber : Let's enjoy dinner tonight. Maybe it will happen tomorrow.
We've been discussing China's water problem. Pollution, too, has become so horrible that people are leaving China with their children. Sometimes, entire cities break down. You hardly have a clear day in Hong Kong any more, or in Shanghai. Agriculture is in disarray because the water table is falling, and agricultural commodities prices have corrected significantly, despite all the money-printing around the world.
in 2014 Barron's Roundtable
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.