For Marc Faber The Iron 'Ore'; Lady Has Sungby Tyler DurdenZeroHedge Aug. 24, 2012 |
Chris Rufo Discovers Who is Flooding The Small Town of Charleroi, Pennsylvania With Haitian Migrants
Trump Visits Lubavitcher Rebbe's Grave With Ben Shapiro for October 7th
WATCH: New Film 'Atrocity Inc' Exposes How Israel Lied About October 7th to Justify Genocide
Biden on Netanyahu: "He's a F--king Liar"
U.S. Spends Record $23 Billion On Israel Since Oct 7
Frustrated with the know-it-all bullish 'experts' on the Chinese economy lambasting wise boots-on-the-ground deep-thinkers such as Hugh Hendry and Albert Edwards; Marc Faber (who discussed this in detail in the clip we presented here) today set about correcting some of that vacuous chatter on China's dominance (with all its current stuffed inventory). Noting that the Chinese stock market is not exactly pointing to the growth everyone is relying on (and we add since the MAR09 lows it is only fractionally better than Spain), Faber brings up one chart (courtesy of The Bank Credit Analyst) to rule them all. Alongside the mega-bubbles of: Gold in 1970s, the Nikkei in the 80s, and the Nasdaq in the 90s, Iron Ore prices since the start of 2000 have them all beat - and recently (as we noted here) have begun to roll over. Read More |