Monday, May 28, 2012

Marc Faber : Risks of significant Asset Deflation in China

Marc Faber : "There are more and more stocks that are breaking down " economic sensitive stocks and companies that cater to the high-end,"
"That suggests to me the economy is likely to weaken and the huge asset run is likely to come to an end with significant asset deflation."- in CNBC
Click here to watch the full interview>>>>>
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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.