Interesting Loki....
- I found the following Bloomberg article from Mar 2011, where Marc Faber predicted this...
Investor Marc Faber said China?s economy will slow and possibly ?crash? within a year as declines in stock and commodity prices signal the nation?s property bubble is set to burst.
The Shanghai Composite Index has failed to regain its 2009 high while industrial commodities and shares of Australian resource exporters are acting ?heavy,? Faber said. The opening of the World Expo in Shanghai last week is ?not a particularly good omen,? he said, citing a property bust and depression that followed the 1873 World Exhibition in Vienna.
?The market is telling you that something is not quite right,? Faber, the publisher of the Gloom, Boom & Doom report, said in a Bloomberg Television interview in Hong Kong today. ?The Chinese economy is going to slow down regardless. It is more likely that we will even have a crash sometime in the next nine to 12 months.?
- The markets are definitely telling us that the SHEET HAS HIT THE FAN......and Faber nails it back in March 2011 !
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Interesting Loki....- I found the following Bloomberg article...
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