Marc Faber: Chinese correction – US in Depression!

Posted by Marc Faber via Bloomberg

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Faber believes China has a property bubble, but the whole economy may not go into recession. Some sectors may still expand, says Faber. He thinks inflation is a dangerous situation worldwide. China and the US are on a collision course both economically and politically, Faber argues. He doesn’t think the US stock market will reach a new high in the near term.