Marc Faber Snoops Out European Stocks as He Foresees China in a Major Slowdown

“China’s economy will slow “considerably,” said Marc Faber, the publisher of the Gloom Boom & Doom report, who is buying European stocks.

“The growth rate we had in the last 10 years, which was around 10 percent annually, is going to slow down considerably,” Faber told Tom Keene and Ken Prewitt in a “Bloomberg Surveillance” radio interview yesterday. “I would rather wait to buy Chinese stocks until we see the result of the stimulus packages.”

Full article