February 26, 2010
Marc Faber: China`s Slowdown Will Impact Stock Markets
Marc Faber is fearing a chinese economic slowdown in 2010 and maybe even a collapse of the chinese economy. He told the Financial Times the its market implications:
"In Asia, we have a potential problem, China. My viewis, I am not sure China is going to collapse, but for sure it will decelerate:"
"If there is a slowdown in China, it will have deep implications in industrial commodity prices, and on the stock markets of resource producers like Australia, Russia and Brazil."
Related ETF`s: ishares FTSE/Xinhua China 25 Index (ETF), iShares MSCI Brazil Index (ETF)(NYSE:EWZ), Market Vector Russia ETF Trust (NYSE:RSX)
Related Stocks: Alcoa (AA), United States Steel Corporation (NYSE:X), Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX)
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