07 December, 2011

China: Easing May Not Mean That The Economy Will Do Particularly Well

"But let me tell you something about easing. when Mr. Bernanke became fed chairman, the S&P 500 Index was at 1264, that was on february 1st, 2006. We're now at 1244. So the market is lower than it was at that time.

In the meantime, gold has gone to 1,746 USD. The easing may not mean that the economy will do particularly well." - in CNBC

Related, iShares FTSE/Xinhua China 25 Index ETF (FXI)

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.