Saturday, March 15, 2014

Excessive Credit Growth Eventually Leads to a Crisis

 "And I think we have to realize excessive credit growth eventually leads to a crisis; this always happens. And in the case of China we do not have a credit bubble, we have a gigantic credit bubble,"
Marc Faber, Editor & Publisher of The Gloom, Boom & Doom Report, explains why he thinks China's economy will grow at a maximum of 4 percent per annum.






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.

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