Tuesday, October 28, 2014
Meaningful Slowdown In Asia & in other Emerging Economies
“In Asia and in other emerging economies we have a very meaningful slowdown in economic activity. I wouldn’t call all the emerging economies being in recession yet, but it’s just very little growth in present time in real terms and in some cases it has been a downturn, a meaningful downturn, like say in retail sales in Hong Kong or in Singapore … so I don’t believe that the global economy is healing, all that was in the context of massive interventions with fiscal and monetary measures by the authorities.” Faber says “the bigger the government is, the less dynamic the economy can be and the less growth there will be.” He also offers his thoughts on Hong Kong, and Japan’s “Abenomics”.
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