Marc Faber : ZERO Economic Growth in China this year

In an interview with with Abu Dhabi based alarabiya TV legendary investor Marc Faber, editor and publisher of the gloom boom and doom report said that China has no growth right now. Chinese government statistics are fake for the most part and if Chinese economy is slowing down there will be more money printing in China. the Chinese government economic figures are meaningless, because they are manipulating most of the economic data, which confirms that there is no economic growth in China this year in fact China's production of steel, cement and electricity as well as the volume of its exports and car sales are stable or declining compared to last year, which is incompatible with the growth announced by the government he explained , China is headed towards a slowdown Marc Faber confirmed The 25% hike in the S&P in October and November last year happened despite a very low trading. I am watching the markets right now and not doing anything, I think the markets should correct, I believe investors should not hold 100% of their assets in paper. Regarding Gold . Marc Faber says : Gold is in a long term correction, the Euro will be saved but not all the Eurozone countries will be a part for the EU, some of them will be evicted and will be in big trouble because of their currencies, .

Marc Faber : Rental Properties in the US a good Investment now

Marc Faber : I travel around the world all the time and I'm interested in the formation of prices so I have an idea about trends in prices. You have to consider real estate prices in the context of currency valuations. For example, five years ago, homes in Australia and Canada were inexpensive and now they aren't, but not necessarily because prices have gone up. Although prices don't necessarily track with whether a currency increases or decreases in value, in those two cases, the value of the currencies also has increased. The US does have areas where real estate is incredibly low relative to other parts of the world. I can buy homes in Atlanta and Phoenix for less than I'd pay in Thailand, and because the GDP per capita in the US is of course much higher than in Thailand, on a relative basis, those homes in Atlanta and Phoenix would be attractive. As a foreigner, I am not interested in investing in US real estate for various reasons, including taxation, management and regulation. But if I were a US citizen, I would say now is a relatively good time to buy real estate and rent it out and net a yield of maybe 6–8%. Many of my friends who own rental apartments do very well on rental income. Many of the people who no longer qualify for mortgages can rent. - in The Gold Report