Thursday, April 10, 2014
Chinese Economy : The possibility of a Yuan Devaluation cannot be ruled out
“The Chinese economy is highly vulnerable to interruptions in the supply of metals and oil….. 47% of global metals consumption is nowadays coming from China (up from 4% in 1990 and 10% in the year 2000)… Over time, the Chinese would want to control the East and South China Sea.” And that the possibility of a yuan devaluation cannot be ruled out.”
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.