Posted 2:19 PM by Dil
7 July 2008

financialcrises has been appetiser

will last a long time

-ve on emerging economies

emerged 20% on food

annual income 50% on food and energey
poor countries will be hit very hard

industrial commodities vulnerable

Posted 2:11 PM by Dil
China Bulls Wrong; Stock Rout to Worsen, Says Faber (Update2)

July 7 (Bloomberg) -- Investors betting on a rebound in China's tumbling stocks are setting themselves up for more losses, according to Marc Faber

``We could have rebounds of 20 to 30 percent, but I wouldn't bet on it,'' Faber said. ``I would rather use rebounds as a selling opportunity.''

Japan's Nikkei 225 Stock Average plunged 60 percent in two and a half years from its December 1989 high; today it's slightly more than a third its peak of 19 years ago. The Nasdaq Composite Index plunged 78 percent in 31 months from its March 2000 record.
``Like the Nasdaq when the bubble burst in 2000, it rebounded but we're still 50 percent lower today than we were in 2000,'' said Faber. ``This is eight years later.''

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=andydUPhlDwI