Monday, May 3, 2010

Prepare yourself (and your portfolio) for a coming debt crisis and a Chinese hard-landing (crash) 2010 -Marc Faber 9-12 mth China crash (update 10)

Marc Faber makes some very good points, particularly the warning signs of a China crash ( precursor concerns on the Shanghai stock market please refer to: Prepare yourself (and your portfolio) for a coming debt crisis and a Chinese hard-landing (crash) 2010 - (update 6))

Also his point on the Australian goverment resource tax on miners, that essentially will drive down the miners share price but may support and give lift to commodities prices; by pricing up commodities through higher operating expenses.

Of course he his spot on regarding the Greece debacle (bailout), which the market is also aware that eventually Greece will default.

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