Marc Faber on Australia investing:

Marc Faber on Australia investing: Have been moderately positive about Australia for years thanks to the resources boom but now concerned of a huge credit bubble on the household level. These debts will be a burden for years to come. Once you are so heavily indebted, then obviously your consumption will grow at a slower pace.

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.