Marc Faber: China Has Credit Bubble of Epic Proportions

 Oct. 26 -- Marc Faber, publisher of the "Gloom, Boom and Doom" Report, examines China's economic slowdown and what he sees as an "epic" credit bubble in the nation. He speaks on "Bloomberg ‹GO›.










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.

One day this whole Credit Bubble will be deflated very badly

Marc Faber : "One day this whole credit bubble will be deflated very badly - you are going to experience a complete implosion of all asset prices and the credit system - but as to when -I don't know."- Marc Faber said at the CLSA Investor Forum


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

The FED created a gigantic Credit Bubble and the misery that we have today

Marc Faber : “I think there is a huge misconception and fallacy that money printing can actually improve the rate of employment because the money flows down into the system. It goes first into the banking system and into financial institutions, into the pockets of well-to-do people. If you drop money into my pockets and you have at the same time increased government involvement in the economy and we have the government growing with its regulation and legislation that stifles economic development. I don’t want to build a new business. But what I may do is look around the world, where are the distressed assets. So I will go and buy existing assets, takeovers. But takeovers don’t add to employment. They destroy employment. Secondly, I would just like to mention one thing. This money printing business, they have been saying that for the last 15 years that bailing out LTCM were necessary. Then they say the NASDAQ collapsed after March of 2000. We need to create another bubble, print money. They created a gigantic credit bubble and the misery that we have today.” - in Bloomberg
click here to watch the full interview>>>>>