Guru- Marc Faber: There's a good chance China will crash

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Marc Faber: There's a good chance China will crash

Thursday, February 25, 2010
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From Newsmax:

Investment guru Marc Faber says there's a 30 percent chance that China's "soft landing" will turn into a crash-and-burn, taking most commodities with it.

“I think to some extent (China) is a bubble,” said Faber, the editor of "The Gloom Boom & Doom Report."

"Last year, total loans by banks have increased by a quarter of GDP. In addition to this they have large excess capacities across industries,” he told the Smart Investor.

Faber says he expects the Chinese...

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Topics:		Guru \| China \| Cruxallaneous

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