Marc Faber Sees Signs Of A Major China Slowdown Everywhere He LooksGus Lubin
Dec. 01, 2011
1.Trump is Right: GOP Debate Audience is Packed Full of Republican Donors
2.Government Agents Hunt Woman Down After Seeing Facebook Picture Of Her Rehabilitating Baby Squirrels
3.Florida Cops Unload On Man Holding Gun Fearing Home Invasion After Knock On Door At 1AM, Had Wrong House
4.VIDEO: Americans Express Support When Told Obama Had 'Launched A Preemptive Nuclear Strike On Russia'
5.Mandatory Mental Illness Screening and The Drive to Confiscate Firearms
6.Three Reasons to Be Worried About The Economy
7.Miami Police Retaliate Against Female Driver Who Filmed Herself Pulling Over Cop
8.Trump On Debate Audience: "They Gave Me 20 Tickets"
There's something that worries Marc Faber more than Europe: China. Faber warned of a China crash in an interview today with King World News.
He says the slowdown is evident from his home in Chiangmai, Thailand:
"In China, if the economy slows down meaningfully or if there is a crash, it will have a huge impact on the demand from China for raw materials, for commodities. It will impact Australia, Africa, the Middle-East and Latin America...
"I’m sure the economy (of China) is softer than official statistics would suggest and probably the government will start to print money at some point. So maybe stocks will rebound here because of money printing, but again, it won’t help the economy....
“I live in Asia and all I can say is I observe a meaningful slowdown in business activity recently and increasing corporate earnings that disappoint...
“There’s a huge capital flight [from China], there’s no question about this.”
Listen to the full interview here >