Wednesday, 25 April 2012

Marc Faber speaks of Imminent Market Crash

  • Chinese economy will go in a (technical) recession, from 10% growth to 3% growth
  • Inflation in China and US is understated, and thus growth overstated (in Malaysia it is the same story, if I may add)
  • Too many Ferrari's, Maserati's and Bentley's, too expensive high-end property
  • Lots of people will lose a lot of money
  • US: nothing has been fixed financially regarding the deficits
  • US economy is slowing down
  • Bernanke's money printing hasn't solved anything in the longer term
  • Asia's shares yielding 5% dividend, some corporate bonds and some government bonds might do ok in the shorter term

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