5/3/10 Marc Faber on Bloomberg: China's Economy May Crash in Next 12 Months

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Uploaded by on May 3, 2010

http://GloomBoomDoom.com

Marc Faber, publisher of the Gloom, Boom & Doom report, talks with Bloomberg's Haslinda Amin about the outlook for China's economy. Faber, speaking from Hong Kong, also discusses Greece's debt crisis and the euro, the commodities market, and the implications of political unrest in Thailand for the nation's economy and stock market.

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Top Comments

  • "All currencies are doomed, except precious metals"

  • this is all bandaids on a head wound - worldwide. if anybody thinks this systemic rot and collapse is over they are in for a big surprise.

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All Comments (72)

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  • Have you seen Haslinda Amin on Bloomberg recently. She has become REALLY ugly (as opposed to mildly ugly on this clip.) Are all Malaysian chicks as hideously ugly as this lady?

  • kick greece,spain,eastern countries out of EU.. i agree with faber! us in the north are paying for these south european mafia gang!

  • @kiwimike1000

    What goes up must come down...

  • Seems like wishful thinking to me

  • @ulomonsti China alone has the 3d largest economy and the 5th largest Domestic market combine this with China's high savings rate and you'll see that this is just a speculation. And with incomes in China rising faster than GDP, there's no need to tap into these savings while increasing Chinese domestic demand which actually negates lower Western demand. Besides; the Chinese economy is already showing signs of cooling off with growth lower than in Q1.

  • Yes there will be one economy intact - the new global one, with no physical currency.

    "NO!! to carbon taxes" Who produces the most 'carbon'? We collectively do. Tax the people!! Poor New Zealanders :( test case again...

  • the question will any economy be intact when it does?

  • Synchronized monetization . . . the new Olympic sport for 2010.

  • @Lingerfoot  - thoroughly familiar with Fresco and the Venus Project - love his concepts but know it will never happen.

  • @iaf000 market always overshoot and undershoot! that means market is always wrong! XD XD XD XD XD XD XD XD XD XD XD XD XD XD XD XD

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