Expect US dollar to rally against the Euro and Dollar has been strong against EM currencies , Gold inexpensive compared to other asset classes says Marc Faber.
"In the case of the US, money is flowing into the country because it is being perceived to be the only game in town," he says."I have pointed out to a meaningful slowdown in the Chinese economy for more than the year now. The government was very good at the massaging the economic data and hiding the slowdown, but it is now becoming clear and clear that the slowdown is on the way. I suppose that China has been and will grow at a maximum of say 4% per annum which is a relatively slow growth rate but it is a very high growth rate compared to say the US or European countries," Faber says.
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.