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Marc Faber On Yuan Devaluation, Fed Rate, Indian Economy & More

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Marc Faber – Editor & Publisher of The Gloom, Boom & Doom Report believes 2% Yuan devaluation will not help Chinese exports and the depreciation is minimal compared to weakness in other Asian peers vs Dollar. He says it is likely that the Yuan devaluation will put pressure on other Asian currencies. He does not expect Fed to hike rates in September. He remains neutral on Indian economy. He also believes India is more attractive for investments over long-term as compared to US. Listen in.
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Marc Faber
Marc Faber (born February 28, 1946) is a Swiss investor based in Thailand. Faber is publisher of the Gloom Boom & Doom Report newsletter and is the director of Marc Faber Ltd, which acts as an investment advisor and fund manager. Faber also serves as director, advisor, and shareholder of a number of investment funds that focus on emerging and frontier markets, including Leopard Capital’s Leopard Cambodia Fund and Asia Frontier Capital Ltd.'s AFC Asia Frontier Fund.
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