Marc Faber on China Slowdown

Marc Faber : ....Coming back to China, look nobody knows precisely what the outcome in China will be. But all I can tell you is from living in Asia there has been a slow down in the growth in Asia. And in most countries, corporations have begun to report disappointing earnings. There is a reason why stocks in the world are down between 20% and 30%. The S&P this year as I expected, has out preformed the emerging economies. But there is a reason why stocks went down this much, and I think for monetary reasons they will rebound now, the way the S&P is rebounding, but it does not change the fact that something is not quite right.