Monday, August 24, 2015

Emerging market selloff to hit US Stocks

Marc Faber speaks with Maria Bartiromo of Fox Business News

We have a big selloff in emerging economies. In dollar terms many emerging markets have tumbled. The U.S. is essentially the last man standing, and I think it will spill over to the US.

GM (General Motors) about 34 percent of the sales are in China and close to 50 percent of the profits come from China… In July car sales were down 7 percent and more to come