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As I sit here typing comfortably from my Steelcase chair in Sacramento, CA, it may be a little presumptive for me to weigh in my $0.02 in the Chinese bull/bear debate. Some convincing China (short term) bears – like Marc Faber and Hugh Hendry – believe things are not going to end well in China. […]
We’ve been following the Chinese stock market closely, because over the last few years it’s been a “canary in the coal mine” for US equities. The fact that the Shanghai index actually peaked last August, and is now in the process of rolling over, should be a concern to anyone who is long US stocks. Follow […]
Guru Marc Faber scoffs at China’s latest reported GDP numbers – remarking that the Chinese government knows their GDP numbers three years in advance! He estimates that when all sectors in China are averaged out, the country is likely growing at 2-3% per year – a far cry from the 8% that is being reported. […]
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