12 February, 2010

Chinese Economy: It Has The Potential To Crash

“The (chinese) economy, for sure, will slow down meaningfully this year. It has the potential to crash because of the overcapacities that have developed, and when loan growth slows down, we don’t know how the economy will react.”

in Bloomberg TV

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.