Wednesday, January 6, 2016
Marc Faber : We have a Colossal Credit Bubble in China
The Chinese economy may be headed for a "hard landing" as borrowers are taking on record amounts of debt to repay interest on their existing obligations, said Marc Faber. "We had a hard landing in the stock market already and we had a hard landing in commodities and we might have a hard landing in the economy," Mr Faber, the publisher of the Gloom, Boom & Doom Report, said in an interview with Bloomberg Television
"We have a colossal credit bubble in China."
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