“There is excessive credit in China, but the oversupply of money has been used to build the infrastructure, education, and R&D, rather than consumed. And that is the difference between China and US.
The China bubble will not burst soon. I don’t see it imminent. It is very difficult to pinpoint a day when China will implode, I don’t think it will happen right way”
in commodity online
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.
