Marc Faber is very bearish on the chinese economy and does not recommend buying chinese stocks or assets that benefited greatly from the China`s boom in 2009:
"In general I would not buy chinese stocks here, and I would be careful of any assets that benefited greatly from the China boom in 2009 because it is not sustainable. And these assets are basically industrial commodities that have become now quite vulnerable." in CNBC
Dr. Faber added that the chinese economy will play a central role in financial markets in 2010, "I think the issue for 2010 is to what extent China will slowdown."
No comments:
Post a Comment