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11-20-2010, 05:51 PM #1
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Faber: US in a Depression Expects Stock Markets Fall
Marc Faber on China Interest Rate Hike and Still Expects Stock Markets to Fall
Stock-Markets / Financial Markets 2010
Nov 20, 2010 - 07:33 AM
Marc Faber discusses China interest rate hike for the fifth time this year as inflation surges. Inflation hits people all over the world, official CPI do not reflect real cost of living increases, which is worse in emerging markets as per capita income is lower. Real chinese inflation is running at about 10% per annum. Still expects stock markets to fall, no new imminent high.
Video at the link: http://www.marketoracle.co.uk/Article24436.html
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