Economy, Uncategorized

Stocks, Oil Drop on U.S., Europe Growth Concern; Euro Rallies

Global stocks plunged, extending a rout that wiped $5.3 trillion off market value this month, on concern Europe will struggle to contain its debt crisis and the U.S. economic recovery is faltering. Commodities slumped and bond risk surged. The MSCI Asia Pacific Index declined 1.9 percent to 111.33 as of 11:04 a.m. in Tokyo, the lowest… Continue reading Stocks, Oil Drop on U.S., Europe Growth Concern; Euro Rallies

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Economy, Uncategorized

China May ‘Crash’ in Next 9 to 12 Months, Faber Says

Investor Marc Faber said China’s economy will slow and possibly “crash” within a year as declines in stock and commodity prices signal the nation’s property bubble is set to burst. The Shanghai Composite Index has failed to regain its 2009 high while industrial commodities and shares of Australian resource exporters are acting “heavy,” Faber said. The opening… Continue reading China May ‘Crash’ in Next 9 to 12 Months, Faber Says