Tuesday, November 10, 2015
Industrial Commodities : Europe and the U.S. are small users compared to China
"Europe and the U.S. are small industrial commodity users compared to China. China consumes almost 50 percent of global industrial commodity consumption. And so if China slows down, the demand for industrial commodities goes down," " "It affects all of the resource producers." Dr. Marc Faber said in an interview earlier this year on CNBC's "Trading Nation.
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.