Thursday, October 16, 2014

Marc Faber was right on China weakness

Concerning global economy, I was saying a year ago in my view the Chinese economy was slowing down to 4 percent. Now recently the economic statistics that were released Electricity Consumption down year on year, Rail Road Traffic down year on year. The Shanghai government reported industrial production down year on year, and Exports down year on year. The other Asian countries to which I traveled are mostly flat, no more growth.