Some sectors of China's economy may crash: Marc Faber

Sept. 27 - A Chinese economic slowdown is on the horizon, says Marc Faber, with property prices in some cities facing significant decreases.

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[Getthefuckoffmylawn]

How is China an economic house of cards. I would say rather, the USA is the real economic house of cards.

[Strugglle]

all western companies are growing strong chinese demand and they didn't trust what chinese gov't said ahahahahaha ridiculous

[io007a]

@kraskata2012 yes but they have too much reserves and still a lot of oportunities in the internal demand size of the economy so i belive that china will slow it's growth not shrink like other economies ,slower growth will impact other economies as well we all are interconected .

[chris10735]

the EU will have to start with fresh with leaders otherwise EU doomed and everyone will fall apart(countries)

[kraskata2012]

China is heading for a hard landing cause of massive malinvestment and the inevitable inefficiency of the planned economy. The only question is when. 

[kraskata2012]

@imminent46 you're wrong - schiff said in 2006 that the crisis will start in 2007 and yes, timing is difficult to predict. As for losing money, many investors lost money. The difference is that no one bailed out peter schiff while buffet and all the investment banks were bailed out.

[Icriedtoday]

@imminent46 WTF you mean he never said exact dates? The man said "at the end of 2007" (you didn't watch the video, did you?) And the US BLS said that the recession started "December 2007." That's as close a microscopic in the field of economics. Ah, he didn't just call the housing bubble, but also when all were saying that the crisis was limited only to liar loans, Schiff said "no, it's going to be the whole market" and he was right. But hey, don't take my word for it--WATCH THE VIDEO!

[mrfcukdevil]

@Getthefuckoffmylawn why? prove it..

[Icriedtoday]

@imminent46 Wow! Peter Schiff has been saying that the economy would crash in the last quarter of 2007 for 15 years???? He's better than I thought! I did not say that Schiff was a great investor, only a great, god-like economist. Without that, you can't be a good investor.

[Icriedtoday]

@imminent46 Broken Clock? I KNOW that you've seen "peter schiff was right (2nd edition)" before now! IN THE FACE OF LAUGHTER AND ATTACKS FROM A DOZEN SO-CALLED EXPERTS THIS "BROKEN CLOCK" STOOD HIS GROUND! That makes him a prophet, not a broken clock. He devined the down turn TO THE VERY QUARTER! Show me someone else who has been so accurate!