Wednesday, October 28, 2015
Industrial Production not Growing in China Faber told Bloomberg
"What we have had in China, and this investors should realize, is a credit bubble of epic proportions," Marc Faber, publisher of the Gloom, Boom and Doom report, said in an interview with Bloomberg TV. "You can have growth in some sectors of the economy -- I have no doubt some service sectors are growing -- but other very important sectors like industrial production aren’t growing at the present time."
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