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News Link • Economy - International

China Will Fall Into 'Technical Recession' in a Year

 Pretty interesting commentary from Marc Faber in this Bloomberg video, considering he is usually a mega Asian bull. While his terminology for a recession is different than what is commonly used (two quarters of negative GDP growth) we saw what even a mild slowdown in China did post 2008 Olympics spending spree. If this comes to bear, the impact on the commodity market would be of course enormous as China is the world’s marginal buyer of everything, dominating some markets to the tune of 50% of all global purchases. Ironically lower commodity prices would be helpful to the strained U.S. consumer, but I don’t think the stock market would be looking that far ahead. Anyhow, just one man’s opinion but someone I enjoy listening to. His indicators of why he is seeing bubble activity on the ground in China are also quite interesting.

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Attorney For Freedom