“I will still bet on Asian stocks despite the volatility,” Dr. Marc Faber said Yesterday at the World Capital Market Symposium 2015 organised by the Securities Commission in MANDARIN ORIENTAL HOTEL KUALA LUMPUR Malaysia .
On China, Faber said, the country’s global consumption has grown to 47% versus 12% 15 years ago, and this was not something to disregard despite the country’s economic slowdown.
“China’s growth bubble has burst and in my opinion could already be in recession. However, China is still an economy that investors cannot and should not overlook despite this,” he said.
On the South-East Asian economies, Faber said, Asean in general was an incredibly valuable region even if it has not been attractive to invest in because of the political imbalance.
“The region, as a whole, needs to iron this out and if this is possible, it will definitely emerge as an economic superpower,” he said. - source : www.freemalaysiatoday.com
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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