Tuesday, November 2, 2010
Faber – ”legendary investor” – worried about holding cash
''A coming slowdown in China is due to have massive repercussions for global commodity producers warns Dr Marc Faber, the legendary investment advisor. But he is still investing in Asian stocks.....because he is more worried about holding cash and bonds in volatile global markets. China exports more to emerging than developing countries so the impact of problems in China will be severe for them.''