Tuesday, September 1, 2015
Marc Faber On Yuan Devaluation, Fed Rate, Indian Economy & More
Marc Faber - Editor & Publisher of The Gloom, Boom & Doom Report believes 2% Yuan devaluation will not help Chinese exports and the depreciation is minimal compared to weakness in other Asian peers vs Dollar. He says it is likely that the Yuan devaluation will put pressure on other Asian currencies. He does not expect Fed to hike rates in September. He remains neutral on Indian economy. He also believes India is more attractive for investments over long-term as compared to US.
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