Saturday, October 1, 2016
Marc Faber : The RMB will depreciate 10% from current level against U.S. dollar before 2017
A: 20%. Unlike other people, I'm not that bullish about the U.S. dollar. I don't see anything much great about the U.S. economy. On the contrary, China is still a competitive country even if wages have gone up substantially. I don't see the necessity for China to devalue. - in China Money
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