Jan 9, 2011

Marc Faber on the China bubble

naIt may be a painful adjustment, but in the near term there is no danger of an implosion in China. If I was negative about China and the credit implosion in China, I would short the Chinese banks.

~ Marc Faber, Hong Kong-based investment adviser and fund manager who publishes the Gloom, Boom & Doom report, "Eclectica's Hendry Turns Greece Profit Into China Failure Bet," Bloomberg, January 9, 2011

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