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Tuesday, September 27, 2011
the Asian economy have some very valid and long term exciting growth potential
Marc Faber : I do not think the markets around the world are down because of Greece , it's just a symptom of a problem , I believe the Asian markets are weak the Asian currencies are weak and he economic sensitive stocks like the BHP REITs of this world are weak , because there is a more meaningful slowdown or even a crash in China occurring , the copper price has little to do with Greece it is an insignificant player in the global economy but China is the significant player and so when these economic sensitive assets collapse people should notice and I believe that for now the Asian market remains quite vulnerable , there may be a rebound from an oversold condition but I agree that the markers are probably headed lower having said that if you take a long term view I still believe that the Asian economic growth story is intact i other words following a meaningful slowdown in China , following a set back in China that could be a recession or a crash I think that the Asian economy have some very valid and long term exciting growth potential - in CNBC
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