- 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
Wednesday, 25 April 2012
Marc Faber speaks of Imminent Market Crash
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