Marc Faber Interview Bloomberg August 2nd 2010

Marc Faber Discusses Chinese Economy, Stock Market:

Aug. 2 (Bloomberg) -- Marc Faber, publisher of the Gloom, Boom & Doom Report, discusses China's economy. Faber, speaking with Deirdre Bolton on Bloomberg Television's "InsideTrack," also talks about Chinese stocks and interest-rate policy. (This is an excerpt of the full interview. Source: Bloomberg)


Marc Faber from Zurich in Switzerland : I have been arguing this year that the economy would inevitably slow down because the impact of the stimulus will diminish , but having said that , he economy hasn't crashed yet , it could still crash but on the other hand if you look at the performance of equities worldwide it seems that the worse the economic news is that the more the market goes up because the market participants expect further easing measures and may be further stimulus so all together I would say it's not going to be a disaster for stock investors yet and it is interesting that the Chinese stock market begun to discount the slowdown in economic growth , actually precisely a year ago in August 2009 the market peaked out and then drifted lower but now that the bad news is essentially out , the market has started to rebound ...etc...