Seeking Alpha
Seeking Alpha Portfolio App for iPad
Finance
(1)
Market Currents

The impact of a slowing Chinese economy is a much larger problem than what government officials...

  • Monday, July 16, 2012, 7:29 PM ET
    The impact of a slowing Chinese economy is a much larger problem than what government officials would have you believe, warns Marc Faber. "The Chinese government says GDP has been growing at 7.8%,” he says. “In my view, it's much lower.” However, "The Gloom, Boom & Doom Report" author notes that there are still opportunities to be found there in the commodities markets, particularly in copper and zinc.
Track new comments on this story

This news story has 6 comments:

  •  
    Copper has been defying gravity, I'll say that. Continued strength will turn into a short for me.
    16 Jul 2012, 07:37 PM Reply Like
  •  
    Agreed. But size your bet to survive spikes and long spells of sideways.
    16 Jul 2012, 10:47 PM Reply Like
  •  
    I agree with Mark as he sees the global picture better than most. I have traded FCX a bunch of times and I am waiting for the next copper drop to get in near 30-31s... With gold too FCX is a good way to play and if the price goes low and lets me in the yield is juicy at 30 That the tempers the ups an downs while holding !
    16 Jul 2012, 08:02 PM Reply Like
  •  
    It was in single digits during the last market melt down. What makes you sure it is not heading there or much lower. Remember, when the next downturn comes, we won't have any QEs to pull us up.
    16 Jul 2012, 08:58 PM Reply Like
  •  
    It split 2 for 1 as well. However FCX has a much stronger balance sheet than it did a few years ago.
    16 Jul 2012, 09:17 PM Reply Like
  •  
    Got to agree with Faber. The slowing Chinese economy is a much bigger deal than US & EU markets are currently recognizing.
    16 Jul 2012, 11:04 PM Reply Like
LATEST|
TODAY SO FAR|
YESTERDAY
Other date
DJIA (DIA) S&P 500 (SPY)
Latest Global Articles
More Latest Articles »