"The Chinese growth was maximum 4 percent. Now, in my view, it is maximum 2 percent and maybe even negative," Dr. Marc Faber told Greg Bonnell on The Canadian BNN Business News.
"What we have is a general downturn in the global economy at the present time that will have a negative impact on earnings," he said. "That's why the markets are selling off and emerging markets have been selling off for a long time. The U.S. was in lalaland to believe that their economy and their corporate earnings would not be affected."
Watch the full interview here >>>>>>
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.
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