Marc Faber agrees with Chanos that there is a China Bubble ready to burst but does not mention the timing of its implosion
Marc Faber tries to be balanced between his two friends Jim Rogers and Jim Chanos who have been arguing about the so called 'China Bubble' , Marc Faber seems to be inclined to believe that there is in fact a China bubble but he does not put a timeline to its imploding , what Marc Faber is sure about is that the day the China bubble burst it will be very bad news for commodities and for the rest of the emerging markets , because china is now the biggest importer from Brazil and Australia for example
"Yes I'm worried about it. I'm sure that Jim Chanos will be right about it someday," Marc Faber The author of the Gloom Boom & Doom Report newsletter said . "It's very difficult to pinpoint a day when China will implode. I don't think it will happen right away," he explained .later Marc Faber speaks about the Dubai Bubble pinpointing out that Dubai has also made great advancements as it has great infrastructures and one of the most efficient airliners in the world and that is Emirates Airlines , but Faber admits that there were excesses....
Dr. Marc Faber also known as Dr Doom is an investment advisor, investment analyst and fund manager author and publisher of the Gloom Boom & Doom Report . Dr Faber is known for his contrarian investment approach. Dr Marc Faber is associated with a variety of funds and is a member of the Board of Directors of numerous companies.
he became well known for advising his clients to get out of the stock market one week before the October 1987 crash. Dr Doom motto is "Follow the course opposite to custom and you will almost be right"
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