Marc Faber : World Economies in a Gigantic Credit Bubble

 Marc Faber : If we take total credit as a percentage of the economies of  the most advanced economies then total credit as a percent of the economies is now thirty percent higher than in 2007 when the last crisis occurred and say in China credit as a percent of the economy has been growing over the last four and half years by fifty percent  , this is unprecedented it is a gigantic credit bubble - in an interview today with the Canadian BNN : Click here to watch the full interview http://www.bnn.ca/News/2013/11/13/More-global-credit-now-then-before-the-financial-crisis-Faber.aspx

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.