MARC FABER : "Look at China and US over the last 50-60 years. In the 1950s, the US was way ahead of China and the whole rest of the world in terms of economy, in terms of technology, in terms of innovation, and in terms of GDP per capita. That narrowed, particularly against Japan in the 60s and 70s because the Japanese economy was growing very rapidly. Do not forget that by 1989, the Japanese stock market had a larger market value than the US and so that gap has narrowed a lot."
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