Economist and editor of the Gloom, Boom & Doom Report
Marc Faber shouldn't be so gloomy when it comes to the Chinese economy, says investor and noted Asian bull Jim Rogers.
There's no hard landing on the way for China as Faber claims, Rogers says.
"Marc still does not understand China. There are going to be several hard landings in the next few years, but China’s will be less hard overall than others such as Greece, U.S., et al," Rogers tells CNBC in an e-mail.
Chinese authorities have taken steps to cool the economy's rapid growth... and while pockets of the country will see somewhat abrupt slowdowns, the country as a whole will not, Rogers insists.
"Yes, there will be consolidations in the commodity bull market just as all markets have consolidations.
"In 1987, stocks declined 40%-80% worldwide, but it was not the end of the secular bull market in stocks."
Faber, who accurately called the 1987 stock market crash as well as last the selloff last August, told...
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