Tuesday, July 15, 2014
Marc Faber: We have to be very careful with the Data published by Governments
ET Now: The metals and PMI data for India and China are showing some positive traction. Do you see an upside for higher FII flows in these economies?
Marc Faber: We have to be very careful with the data that is published by governments. I do not think that the Chinese economy is accelerating on the upside.
Trend wise, Chinese growth will slow down from, say, around 10% annually in the last 10 years or so to a range of, say, 4% to 6% annually, but you have two huge countries -- China and India.
Some sectors of the economy may grow and some companies may grow, but in general trend wise, both in India and in China, we will have slower growth in the next 10 years than we have had in the past. If India can grow at 5-6% per annum, it will be very lucky. - in ET Now July 2014
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