China could have recession in certain sectors

I think the Chinese economy has slowed down a lot...but they will not miss their 7.5 percent target, they will announce it, but the reality will be much lower. If you look at the statistics that are more reliable like Korean, Japanese or Taiwanese exports... then export figures from China don't add up entirely," he said.

The economy in China will slow down and we may even have in certain sectors a recession... The question is about the future. I think China will still grow but there will be bumps along the road and political issues," he added

Profit taking risk

Im bearish about practically all assets near term we’re entering a correction time. Faber further states that equities, gold, and other commodities “will face some profit taking.”


Marc Faber is a famous contrarian investor and the publisher of the Gloom Boom & Doom Report newsletter.