Marc Faber Strikes Again

February 22nd, 2010 by Belisarius

Some interesting and controversial comments and predictions from Marc Faber in today’s media reports:

Bloomberg story: China New Village Makes Chanos See Dubai 1,000 Times.

“It does not make sense for China to build more empty buildings and add to capacities in industries where you already have overcapacity,” Faber told Bloomberg Television on Feb. 11. “I think the Chinese economy will decelerate very substantially in 2010 and could even crash.”

Times story: ‘Buy farmland and gold,’ advises Dr Doom.

His belief, fund managers were told, is that the US is going to go bankrupt.

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