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