Friday, May 25, 2012

Marc Faber : Forget about Greece , China might be a bigger Problem

Marc Faber : I think the attention may be focused on Greece because everybody can blame their wrong forecast on Greece they can say Oh the markets are going down because of Greece or they can say the markets are going down because of the loss of JP Morgan not an easy explanation , but the fact that industrial commodity prices are so weak has nothing to do with Greece at all it has to do most likely with very meaningful slowdown in china and possibly even a crash in the Chinese economy - in Bloomberg
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Dr. Marc Faber Tomorrow's Gold







Dr Marc Faber was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude. Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, which acts as an investment advisor and fund manager.