And as a special tip, I think I would short the Australian dollar, because talking about a housing bubble, Australia has 10 times a bigger bubble than China. In Australia you have what you said we don’t really have in China, namely the low leverage that we have in China, we have the opposite in Australia, very high household leverage. … So I think a big downfall is about to happen."
in Forbes.com
Related ETF`S: iShares MSCI Australia Index Fund (ETF) (Public, NYSE:EWA), CurrencyShares Australian Dollar Trust (Public, NYSE:FXA) and Powershares DB G10 Currency Harvest Fund (Public, NYSE:DBV)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
