To clarify a point about
the size of the U.S. economy and its importance in the world, China
imported 12% of global metals consumed in 2000. Now it imports up to 47%
a year. China's growth has a major impact on emerging economies. The
U.S. has no impact because it is a service economy. China has gone from
sending less than a million travelers overseas in the mid-1980s to 100
million now. You hardly see American tourists in Asia any more.
Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Marc Faber of the Gloom, Boom &
Doom Report is worried about inflation given the Federal Reserve’s
massive money printing efforts. But he doesn’t think diving headlong
into gold and/or real estate is the best move. Faber tells FOX Business
Network that he thinks investors should still use a diversified
strategy, owning stocks, real estate, gold, and bonds as part of a
disciplined approach. He also talks about his belief that US growth had
been driven mainly by deficit spending and money printing.
Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
