Marc Faber : “World War III will occur in the next five years. That means the Middle East will blow up. New regimes there will be less Western-friendly. The West has also figured out it can't contain China, which is rising rapidly and will have more military and naval power in Southeast Asia. The only way for the West to contain China is to control the oil tap in the Middle East”
“It (the war) is very positive for stocks and negative for bonds, because debt will grow dramatically”, - In a recent interview with The Barron's financial magazine
Wednesday, January 18, 2012
we have Excessive Credit Growth in China
Marc Faber : "I question any number that is published by governments, not just in China, everywhere in the world,"
"We have huge excesses, we have excessive credit growth in China and the excesses and the misallocation of capital — in my opinion — will become only worse," - in CNBC
"We have huge excesses, we have excessive credit growth in China and the excesses and the misallocation of capital — in my opinion — will become only worse," - in CNBC
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