As the market awaits another nonsensical, much hyped dispatch from the US central bank, it is always entertaining to watch Faber and and Stockman deliver some antidote to the ‘how do we play this?’ on-air personalities.
Gloom, Boom & Doom Report author, Marc Faber argues that central bank policy intervention and slowing commodities demand in China have contributed to a low-growth environment globally. He said that China’s economic influence has increased “dramatically,” with the world’s second-largest economy contributing to both boom and bust in natural resource–producing nations. Here is a direct video link.
David Stockman did an energetic summary in this segment on the latest market conditions and the possibility for a recession. Here is a direct video link.