Thursday, August 4, 2011

China Bubble Poses Global Risk: Faber

 "If Chinese growth really slows down or if they have a crash... it could trigger a vicious circle on the downside and I would say there is a fairly good chance that this could happen,"

Marc Faber, managing director, editor and publisher at The Gloom Boom & Doom Report told CNBC. "This would be really something the world's central bankers wouldn't be able to help with printing money," he added.