Friday, February 17, 2017
Trump's Protectionism a Blessing for The Asian Stock Markets
Marc Faber, editor of The Gloom, Boom & Doom Report, says President Trump's policies have actually been good for foreign stock markets.
“Everybody in Asia and around the world, including Mexico and the Europeans will say, ‘the US is no longer a reliable trading partner and no longer a reliable ally. We have to look after ourselves,’” he said to CNBC. “So the Chinese are pushing essentially domestic-led growth,” he added.
"It is a Chinese-centric Asia nowadays," he said. "The exports of Taiwan, South Korea, to China are much more important than to the U.S. All the Asian countries for them, exports to China are the key, tourists from China are the key."
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