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Marc Faber: China may crash in the next 9 to 12 months
- jacquesm 17y agoThe market in the US may crash in the next 9 to 12 months. In fact, any market may crash, in the next 9 to 12 months. But that there was a property bust an a depression in 1873(!) after a world fair is a bit of stretch, I'm sure that the 'worldwide crisis' has as much to do with this as the worldfair does. Interestingly enough, there was a depression following the world fair of 1928 as well, maybe it's time we outlaw these worldfairs, they seem to be causing depressions.
- trevelyan 17y agoIf anyone is interested in this sort of thing, I highly recommend the Sinica podcast. The last episode featured Gady Epstein (Beijing Bureau Chief for Forbes), Will Moss (a prominent foreign PR executive in Beijing), and Kaiser Kuo: http://popupchinese.com/lessons/sinica/huang-guangyu-trial-real-estate-dilemma http://popupchinese.com/lessons/sinica/huang-guangyu-trial-r... No better commentary on contemporary China anywhere imho.