ET Now: So what is the bigger risk to the risk-on rally?
Will it be China or credit bubble in Japan or a real estate bubble in
Asian markets?
Marc Faber: The risk for
me globally is really European banks and financial institutions and a
market that is already quite high. We are not at the 2009 lows. Many
markets have gone up 100 per cent. Thailand is up almost 4 times from
the 2009 lows. So we have very extended markets. Many countries in Asia
have an asset bubble in real estate and we have the Chinese economy
which, I believe, is growing at present at a much slower rate than what
the official statistics would suggest. - in a recent interview with ETNOW
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