Friday, April 18, 2014
Chinese Credit Bubble Deflation will bring Problems to the Commodity Market
"We had a colossal credit bubble in China," "This bubble is now being gradually deflated and will bring about problems in the real estate market and among some major players in commodity markets.""I think the figures of the trading partners are more reliable.""Chinese stocks have been just about the worst performing stocks since 2006," Faber said. "Analysts will dismiss that and say everything is perfect, but the stock market doesn't seem to believe everything the government is saying about the Chinese economy." Faber told Bloomberg TV.- in Bloomberg TV
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.
Posted by Nicole Bourbaki