China is currently facing both a Credit and Property Bubble

Sunday, October 7, 2012

China is currently facing both a Credit and Property Bubble

"China is currently facing both a credit and property bubble and that based on recent export figures, growth in the world's second-largest economy will likely be much lower than official figures. " Marc Faber said speaking at an investment forum in Bangkok yesterday - in The Bangkok Post

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.