Carry Out

All the Japanese with their yen
The party boys call the Kremlin
The Chinese know (Oh-Ay-Oh)
They walk around like Egyptians
--Bangles

Marc Faber thinks chances of a dramatic slowdown in China, perhaps even a crash, are rising. We've been noodling such prospects for a while.

Faber joins hedgie Jim Chanos and prof Ken Rogoff among recent bears. Chanos in particular focuses on China's dependence of real estate, citing that as much as 60% of China GDP depends on construction.

Chinese stocks have been lagging other world markets recently. Whether this represents canary in the coal mine stuff remains to be seen.

no positions