Marc Faber: China Has Given Fed an Excuse Not to Hike Rates

"The Fed loves the fact that the Chinese have begun to let the currency float down," says Marc Faber, publisher of the Gloom, Boom & Doom Report. "They have an excuse not to increase interest rates," he told Anna Edwards on Bloomberg's "Countdown." (Bloomberg)




Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.