“The greatest difficulties lie where we are not looking for them!” The above observation was penned by Johann Wolfgang von Goethe and may be very prescient in today’s economic and financial conditions. Let us assume that the unthinkable happens: China’s economy slows down sharply, or even contracts – and there are reasons why it could. Commodity prices slump and bring about economic hardship in the resource-producing countries of the world.
April 17th, 2008 | Marc Faber | 2 comments | Continued
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