Marc Faber thinks a major credit event is in store for China. Whether that is soon or in two years isn't clear, but what is clear is that Chinese growth has slowed and will slow to 4%.
Additionally he thinks that the European Union and the U.S. are effectively bankrupt.
The problem with sustainable growth in China according to Faber is that the credit that is being pushed in the system is not sustainable for much longer.
Watch the video below for more on China and the market he is actually bullish on:
Additionally he thinks that the European Union and the U.S. are effectively bankrupt.
The problem with sustainable growth in China according to Faber is that the credit that is being pushed in the system is not sustainable for much longer.
Watch the video below for more on China and the market he is actually bullish on:
