Speakinig from Thailand, Marc Faber, publisher of the Gloom, Boom & Doom Report, speaks with Bloomberg about China’s economy. The interview comes after Ben Bernanke decided to do another round of quantitative easing which brought a lot of criticism both domestically and abroad. On China, Dr. Faber still believes China currently has a Real Estate bubble which if it pops could slow down the Chinese economy but not stop it completely as it still has certain sectors still growing. Faber continues to point out the U.S. main problem is its consumption and debt load and states the U.S. & China are on a collision course both economically and politically.
About the author:
Alex Garcia is owner of http://www.magicformulapro.com, a Magic Formula Investing blog covering Joel Greenblatt's magic formula, which identifies potential value stocks. In addition, he covers value investors such as Seth Klarman, Li Lu, Bruce Berkowitz and Walter Schloss.
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