Marc Faber: U.S. Stock Market Will Go Down in 2016

Posted by Marc Faber - Gloom Boom & Doom Report

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We have a Colossal Credit Bubble in China

The Chinese economy may be headed for a “hard landing” as borrowers are taking on record amounts of debt to repay interest on their existing obligations, said Marc Faber. “We had a hard landing in the stock market already and we had a hard landing in commodities and we might have a hard landing in the economy,” Mr Faber, the publisher of the Gloom, Boom & Doom Report, said in an interview with Bloomberg Television 

 “We have a colossal credit bubble in China.”

….full video HERE