Sunday, August 2, 2015

Marc Faber on CNN : Economy Collapse & Ponzi Finance

"What has been happening lately is that a lot of stocks have not reacted favorably to actually good numbers. You look at General Motors, it's down 20 percent already. And the auto sales in the US were very good.

I believe that if you look at the world, there are some people who believe that the global economy is healing and will expand at an accelerating pace.

But I can tell you living in Asia and observing especially the Asian economies and emerging markets in general, most emerging economies are either not growing or slowing down very considerably, like China, where for the first time in many years in June, car sales were down, where freight traffic is down.

And you only have to look at industrial commodity prices. They have tumbled. Collapsed. Usually this happens in a period of economic weakness, not strength..."


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