Monday, May 3, 2010

Forget about Greece - the next bust is China

May 3 (Bloomberg) -- Investor Marc Faber said China’s economy will slow and possibly “crash” within a year as declines in stock and commodity prices signal the nation’s property bubble is set to burst..."
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Comment: China's bust is overdue. It will be a nightmare for the world economy and wreak havoc in the international capital markets. Forget about Greece and hurry up to prepare for a disaster that can wipe out all of us irrespective of asset allocation and degrees of diversification.

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