In this article I want to present the status of the real estate and commodity market in Asia, with its implications on the global economy.
On "The Money and Wealth Show", Marc Faber has been talking about movements in the real estate and commodity markets. He talks about similarities between the Great Depression and the current crisis.
Marc Faber notes: "Eventually the financial system will cease to exist." Suggesting we will at some point go to a barter system. This barter system has already showed up in Greece at this moment. He also mentions that Australia's housing market is in the process of deteriorating (Chart 1).
To see the whole analysis, go to: Marc Faber on the Australian/Chinese Real Estate Market.
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