Disagreeing With Dr. Doom About China
Jim Trippon submits:
Dr. Doom has done it again. The notorious Marc Faber, author of the Gloom, Doom and Boom report, has predicted, once again, the demise of China’s economy. I’ll give Dr. Doom this much: He has predicted doom and gloom consistently for years, and has been right a few times, including the US-generated global financial crisis.
But a stopped clock also tells the right time twice a day. That doesn’t make it a reliable timepiece.
Let’s take a closer look at Dr. Doom’s influence, his credibility and his words. In an interview with Bloomberg Television in Hong Kong he said the following: